AAPL Long Term 10 Year Chart Forecast

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Nov13aapl

 

This is a MasterOfCharts.com analysis of the 10 year chart of AAPL:

Best case scenario on the 10 year chart of AAPL Nov 13, 2015:  Best case scenario for AAPL is that the move from the low in 2003 to the high of 95 was the first wave or W1, and the corrective cup and handle fade from 95 to 55 was the second Wave or W2.  That would mean the breakout above the 1.00 retracement level or top of the first wave was the start of a 3rd wave, and the highest target would be as high as 200 based on a 1.618 golden ratio move.

Worst case scenario on the 10 year chart of AAPL: Worst case scenario is that the retracement from 95 to 55 was a W4 before W5.  That would be a 382 retracement before a 5th wave, which would cap out at 110-120 which is .618 X W1 + W3.  That target was near the recent high and it may drop to the previous 4 in the 50-60 range in a deep corrective wave 2, retracing 5 waves up.

Where I’m leaning: 80% chance is that it’s entered a Wave 3 to as high as 200, because the move from 90 to 55 was well past 382 which is typically where a W4 would end.

AAPL Long Term 10 Year Chart Forecast on November 13, 2015 rated 4.0 of 5

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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