AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Review:
Let's review the key points of our recent updates:
November 21st:
December 2nd:
December 9th:
Update:
We do not need much change to our previous statements.
Analysis of the Structure:
It seems we have peaked for wave a of 5 of (A) at 199.62, a little less than our target. What follows is wave b, which I already described in my previous update why I expect it to be a triangle. Right now, we are in wave w of a of b.
Note that there is also a very little chance that we have not yet peaked for wave a. If that's the case, we would peak very early next week (201.27), then will start wave b.
The fib retracement of wave a shows two targets for wave b bottom, 191.52 or 194.61.
Analysis of the Cycles:
We are in the second 5D cycle of the second 10D cycle of the first 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
Adding the following points to my previous cyclic analysis:
Let's review the key points of our recent updates:
November 21st:
- October 26th was the first 40W trough of the current 80W cycle.
- 40D trough, November 27th 2023.
- 80D trough, first week of January 2024.
- 20W trough, middle of March 2024.
- 40W FLD target is 215.
- 40W trough, June-July 2024.
December 2nd:
- Going back to the count of September 9th.
- Wave (V) of a of 5 of (A) of 3.
- Target for the peak of wave a is 202.01.
- 80D trough, January 4th 2024.
December 9th:
- Wave 3 of c of (V) of a of 5 of (A) of 3.
- Targets for wave (V) peak are 201.27 or 203.64.
- December 4th was a 40D cycle trough.
- A triangle for wave b of 5, January 16th 2024 is breakout time to the upside.
- 201-203, end of next week
- Wave b is going to correct more in time than in price.
Update:
We do not need much change to our previous statements.
Analysis of the Structure:
It seems we have peaked for wave a of 5 of (A) at 199.62, a little less than our target. What follows is wave b, which I already described in my previous update why I expect it to be a triangle. Right now, we are in wave w of a of b.
Note that there is also a very little chance that we have not yet peaked for wave a. If that's the case, we would peak very early next week (201.27), then will start wave b.
The fib retracement of wave a shows two targets for wave b bottom, 191.52 or 194.61.
Analysis of the Cycles:
We are in the second 5D cycle of the second 10D cycle of the first 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
Adding the following points to my previous cyclic analysis:
- 80D cycle trough expected 2nd to 16th January 2024.
- We got a second upside cross of the 40W FLD this week. This gives us a range of target for the peak of 40W cycle: 215-227.
