WaveTrack International

Elliott Wave Financial Price Forecasting

Apple Elliott Wave Update

by m.tamosauskas| November 26, 2014 | No Comments

141126_Apple_inc

In the latest update, Apple was described as advancing into a five wave expanding-impulse pattern in minute degree from the Jan.’14 low of 70.51. There are two most common fib-price-ratio measurements within an impulse advance: a fib. 61.8% extension and a fib. 61.8% correlative ratios. By extending the net advance of minutes wave 1 to 4 (70.51-95.18) by a fib. 61.8% an upside objective was measured to 114.50+/-. This price level has been already exceeded so the natural outcome is to use higher projections by using a fib. 61.8% correlative ratio between the net advance of waves 1 to 3 (70.51-103.74) and wave 5 to 120.84+/-. Yesterday’s high at 119.75 was close enough to this resistance level and the ‘general shape’ of this five wave advance looks mature.

Category: Apple

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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