Review:
Let's review the key points of the previous update (Feb 24th):
Update:
We got the bearishness with a level of intensity that was expected. AAPL bottomed on March 7th at 168.49.
Analysis of the Structure:
We have started wave X of (B) and I think the price action of AAPL is going to be very ugly and slow-moving in the next 1-2 month. It seems wave X is developing as a double zigzag.
Analysis of the Cycles:
On March 7th, we formed a 20W cycle trough. The next major trough is an 18M cycle trough in early July.
Some important dates to remember:
1. 40D cycle trough: 9-10 April.
2. 80D cycle trough: 14th May.
Let's review the key points of the previous update (Feb 24th):
- Wave b of W of (B) completed as a triangle.
- Started wave c of W.
- 3 weeks of extreme bearishness ahead going into a 20W trough.
- 80D cycle FLD has generated a downside target of 168.94 to 170.84 for the upcoming trough in March.
- Trough expected March 8th to 23rd.
Update:
We got the bearishness with a level of intensity that was expected. AAPL bottomed on March 7th at 168.49.
Analysis of the Structure:
We have started wave X of (B) and I think the price action of AAPL is going to be very ugly and slow-moving in the next 1-2 month. It seems wave X is developing as a double zigzag.
Analysis of the Cycles:
On March 7th, we formed a 20W cycle trough. The next major trough is an 18M cycle trough in early July.
Some important dates to remember:
1. 40D cycle trough: 9-10 April.
2. 80D cycle trough: 14th May.
