AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: I need to review both the updates of August 26th and September 1st:
August 26th:
Start of a bullish phase to the 210-220 zone by the end of October/first week of November.
Wave c of (I) of a of 5 under development.
Inside the second 40W cycle in the current 18M cycle now.
Bullish move to the upside to ~186 in the coming week and then the pullback for wave (II) happening on September 1st or September 5th.
September 1st:
A little bit of relabeling on the hourly chart is needed. We are in wave 5 of a of (III) of a of 5 of (A).
Completed the first 20D cycle in the first 40D cycle of the current 40W cycle.
Update:
The small change of count/cycles that we did last week turned out to be a wrong decision. So, what we are really doing is going back to the count of August 26th.
Analysis of the Structure:
I see wave (II) as a triple zigzag. Right now, we are in the early stages of wave (III) of a of 5 of (A). The 1.618 extension shows 203.12 as a potential target for wave (III) peak.
Analysis of the Cycles:
The same thing that I mentioned on the update of TSLA: cycles are taking more time than nominal to complete.
On Thursday, we completed the first 20D cycle in the current 40W cycle (reminding the overall view: we are inside the second 40W cycle of the current 18M cycle).
Summary and overall expected path (this is based on nominal cycle lengths and typical fib target expectations):
1. 25th of September: wave (III)/40D cycle peak at 203.12 2. 9th of October: wave (IV)/40D cycle trough at 197 3. 19th of October: wave (V)/80D cycle peak at 210 4. 30th of October: wave b/80D cycle trough at 200 5. 18th of December: wave c/20W cycle peak at 222 6. 18th of January: wave (B)/20W cycle trough at 205