Apple (AAPL) Elliott Wave Forecast Signals Extended Downside Path
The short‑term Elliott Wave view in Apple (AAPL) shows that the decline from the July 30 high has unfolded with impulsive qualities. This structure points toward further downside risk. From the July 30 peak, wave (A) ended at $300 in a clear five‑wave impulse. The rally in wave (B) is considered complete at $316.29, forming a double three corrective structure. Within this advance, wave W finished at $312.75 and wave X at $301.32. Wave Y completed at $316.29, thereby finalizing wave (B) at a higher degree.
The stock must still break below wave (A) at $300 to dismiss the a double correction within wave (B). Even so, the impulsive nature of the initial decline combined with the corrective form of wave (B) favors additional weakness while price remains below the July 30 high. Apple has already turned lower in wave (C). From wave (B), wave 1 ended at $300.57 as a diagonal structure. A rally in wave 2 is expected to fail beneath $316.29, reinforcing the bearish outlook. In the near term, as long as the pivot at $344.77 high remains intact, rallies should fail in either three or seven swings.
Apple (AAPL) 60 Minute Elliott Wave Chart
Apple (AAPL) Elliott Wave Chart
AAPL Elliott Wave Video
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
