Yesterday I suggested that a flat was in the works, which would result in a lower low. Today, the flat played out.
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| 5 Min |
Green looks like it may have completed five waves off the 10/18 high. Red is looking for something more bearish.
Based on the 60 min chart below, the five waves off the 10/18 either caps off {iii} down of a five wave impulse down from 10/5 or the double (wxy) zigzag orange option is complete.
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| 60 Min |
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| AAPL - 60 Min |
AAPL has extended beyond its H/S target and now has wave 3/C meeting the 1.618* extension target.
