By Orbex
The internal AAPL structure suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree.
At the level of 150.33, an intermediate correction (4) in the form of a minor triple zigzag W-X-Y-X-Z ended.
After the end of the correction (4), prices moved higher in the intermediate wave (5). Judging by the initial part, wave (5) will take the form of a standard zigzag A-B-C.
It is possible that the bulls in wave C will reach the level of 195.27. There, wave (5) will be at 76.4% of intermediate wave (3).
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In the second variant, the ending diagonal is fully complete, and with it the entire cycle wave a ended.
Thus, at the time of writing, there is a drop in prices in the cycle correction b. This can take the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already been formed.
There is a high probability that the final sub-wave Ⓨ will be able to bring the market to 146.60. At that level, primary wave Ⓨ will be at 100% of wave Ⓦ.
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Article by Orbex
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