AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview:
Let's review the key points of the previous update (October 14th):
Update:
Just hit the "Load new bars" button on the previous update to see the accuracy.
Analysis of the Structure:
I see that we are in wave IV of (a) of y of 2 at the moment, developing as a double zigzag. The peak is expected on Monday morning, then we start a week of bearishness as wave V of (a).
My potential target for wave IV peak is 169.48 and my target for wave y bottom is around 160.96 (since wave IV is not finished yet, I have calculated 160.96 based on my wave IV target of 169.48).
Analysis of the Cycles:
On Thursday (October 26th) we got the first 10D cycle trough of the second 20D cycle of the second 40D cycle of the first 80D cycle of the current 20W cycle.
I am expecting the 80D cycle on November 2nd. This means I expect a bullish bounce caused by the earnings report.
So, this week is going to be aggressively bearish until we get the 80D cycle trough, also the bullish bounce out of it is going to be considerable (4-5 weeks of bullishness).
Let's review the key points of the previous update (October 14th):
- Started wave y of 2 this week.
- We are in wave II of (a) of y of 2.
- The 80D cycle trough on 25th October to November 7th (I prefer November 6th or 7th).
Update:
Just hit the "Load new bars" button on the previous update to see the accuracy.
Analysis of the Structure:
I see that we are in wave IV of (a) of y of 2 at the moment, developing as a double zigzag. The peak is expected on Monday morning, then we start a week of bearishness as wave V of (a).
My potential target for wave IV peak is 169.48 and my target for wave y bottom is around 160.96 (since wave IV is not finished yet, I have calculated 160.96 based on my wave IV target of 169.48).
Analysis of the Cycles:
On Thursday (October 26th) we got the first 10D cycle trough of the second 20D cycle of the second 40D cycle of the first 80D cycle of the current 20W cycle.
I am expecting the 80D cycle on November 2nd. This means I expect a bullish bounce caused by the earnings report.
So, this week is going to be aggressively bearish until we get the 80D cycle trough, also the bullish bounce out of it is going to be considerable (4-5 weeks of bullishness).
