EW analysis - AAPL, a new wave 1 runs its course

11 feb 2023

The wave 4 correction in AAPL which started in january of last year seems to have bottomed on january 6. Since then a new move to the upside has started, that looks impulsive (the Mob is at 133.41 USD). The red wave 4 most likely didn't finish yet. It should probably reach the 38.2 retracement of wave 3 at 146.13 USD. From a cycle perpektive I expect the trough of wave 4 should fall between february 10 (so it might be finished) and february 21 (fibonacci target). Wave 5 of the larger wave 1 should top in late march, early april. It should reach at least 162.41 USD and could rise to the upper trendline of the channel containing the wave 4 correction (the 0.618 extension ist at 166.33).