AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: let's review the key points of the previous update (August 26th):
Update: we got the expected bullish move, extended more than we thought.
Analysis of the Structure:
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).
Analysis of the Cycles:
I think today we completed the first 20D cycle in the first 40D cycle of the current 40W cycle.
Based on the positioning of FLDs and expected cycle troughs:
- 40W cycle trough was formed on August 18th, now we are inside the second 40W cycle in the current 18M cycle.
- Start of a bullish phase to the 210-220 zone by the end of October/first week of November.
- Inside wave 5 of (A).
- A 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.
Update: we got the expected bullish move, extended more than we thought.
Analysis of the Structure:
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).
Analysis of the Cycles:
I think today we completed the first 20D cycle in the first 40D cycle of the current 40W cycle.
Based on the positioning of FLDs and expected cycle troughs:
- wave a of (III) completing around 192.5.
- wave (III) completing around 200 on September 16th.
- shallow wave (IV) completing on September 25th.
