11Mar

AAPL Elliott Wave Analysis: Exploring Market Corrections and Potential Trends - Trading Lounge Insights

AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 11 March 24

In the dynamic landscape of financial markets, understanding Elliott Wave Analysis can provide valuable insights into market trends and potential price movements. Let's explore the recent Elliott Wave Analysis of Apple Inc. (AAPL) to decipher corrective patterns and anticipate market directions for strategic trading decisions.

AAPL Stock Daily Chart Analysis

AAPL Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Minor wave 2

Direction: Completion of wave {c} of 2

On the daily chart, AAPL exhibits a counter-trend movement, indicating corrective patterns within a flat structure. Currently positioned within minor wave 2, the completion of wave {c} of 2 suggests a potential downside. While further downside is anticipated, there's a possibility of a larger degree correction, potentially reaching a top at $200.

Apple-Inc-Day-stock-...

 


 

AAPL Elliott Wave Analysis Trading Lounge 4Hr Chart, 11 March 24

Apple Inc., (AAPL) 4Hr Chart Analysis

AAPL Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (iv) of {c}

Direction: Completion of wave {c} of 2

Analyzing the 4-hour chart, AAPL continues to display counter-trend movements within a corrective mode. The structure appears flat, with the current position in wave (iv) of {c}. Observing Friday's close, increased selling pressure emerged after encountering resistance around the 173s level. The market is expected to move lower towards the bottom of MG2, potentially reaching $165.

Stay informed with our comprehensive Elliott Wave Analysis to navigate market fluctuations and make informed trading decisions. By understanding corrective patterns and potential market directions, traders can position themselves strategically to capitalize on emerging opportunities.

In conclusion, AAPL's Elliott Wave Analysis indicates ongoing corrections within a counter-trend framework. While minor wave 2 and wave (iv) of {c} are currently in focus, traders should remain vigilant for potential shifts in market dynamics. Utilize our insights to stay ahead of market movements and optimize your trading strategies effectively.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Costco Wholesale Corp., (COST) 

TradingLounge Once Off SPECIAL DEAL: Here > 1 month Get 3 months.

Apple-Inc-4Hr-stock-...

Related

U.S. Dollar/Canadian Dollar (USDCAD) Forex Elliott Wave Technical Analysis: Risk management and technical analysis for Forex trading

U.S. Dollar/Canadian Dollar (USDCAD) Forex Elliott Wave Technical Analysis: Risk management and technical analysis for Forex trading

Get detailed USD/CAD Elliott Wave analysis for both daily and 4-hour charts. Learn about counter-tre...

Read More >
Watch Silver (XAGUSD) Commodity Market With Silver Elliott Wave Technical Analysis: Price Forecast and Bullish Outlook

Watch Silver (XAGUSD) Commodity Market With Silver Elliott Wave Technical Analysis: Price Forecast and Bullish Outlook

This comprehensive Silver Elliott Wave analysis provides insights into the latest market trends, pri...

Read More >
Cocoa Commodity: We Examine the Current Structure and Potential Price Movements Through Elliott Wave Technical Analysis

Cocoa Commodity: We Examine the Current Structure and Potential Price Movements Through Elliott Wave Technical Analysis

Cocoa prices have fallen over 40% after reaching record highs in April 2024, signalling a critical c...

Read More >
Meta Platforms Inc. Stocks Elliott Wave Technical Analysis - Charts show an ongoing Bullish Trend Highlighting key Resistance Levels

Meta Platforms Inc. Stocks Elliott Wave Technical Analysis - Charts show an ongoing Bullish Trend Highlighting key Resistance Levels

This analysis of Meta Platforms (META) provides a detailed Elliott Wave forecast, highlighting key r...

Read More >
Euro/British Pound(EURGBP) Elliott Wave Technical Analysis 1 November 23

Euro/British Pound(EURGBP) Elliott Wave Technical Analysis 1 November 23

The "EURGBP Elliott Wave Analysis Trading Lounge Day Chart" dated 1 November 23, offers an...

Read More >
Polkadot / U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 1 December 23

Polkadot / U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 1 December 23

Polkadot / U.S. dollar(DOTUSD) Elliott Wave Technical Analysis dated 1 December 23, DOTUSD Crypto An...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on