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Elliott Wave View: Apple (AAPL) Has Started Correction


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Short Term Elliott wave view in Apple (AAPL) is calling the decline to 170.44 on June 4 as wave I. Wave II bounce is currently in progress to correct cycle from June 4 low as azigzag Elliott Wave structure. Up from 170.44, Wave ((A)) of II has ended at 196.79 as a 5 waves impulse. Wave (1) ended at 184.99 and wave (2) pullback ended at 181.14.Wave (3) ended at 196, wave (4) ended at 194.57, and wave (5) ended at 196.79.

The stock is pulling back in wave ((B)) in 3, 7, or 11 swing to correct cycle from June 4 low. The internal of wave ((B)) is unfolding as a zigzag Elliott Wave structure where wave (A) of ((B)) should end with 1 more push lower. Afterwards, expect the stock to bounce in wave (B) followed by another leg lower in wave (C). Then as far as pivot at 170.44 low stays intact, the stock should resume the rally again. We dont like selling the stock and expect buyers to appear in 3, 7, or 11 swing provided pivot at 170.44 low is holding.

Apple (AAPL) 1 Hour Elliott Wave Chart

Apple 14 June



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Elliottwave-Forecast.com  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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