2023 AAPL Outlook
Overview: this weekend, we are going to wrap up the ideas that we had on each name and present an outlook for 2023.
I started publishing public weekly updates on AAPL on July 3rd, 2022 with the general idea that AAPL has peaked for wave 1 and the current wave 2 is correcting that whole move of 43 years (since 1980).
Let's go back to an idea I published on July 29th on AAPL , when it closed at 162.51 and I had the idea that it is going to 110: "From this point, I expect the third bearish zigzag to start developing, wave z of 2."
Since then, we have been updating the daily and hourly counts on the weekly updates, but the general idea has been the same and precise.
Update: what I see coming in 2023 is the continuation of wave 2 on AAPL . For now, I have 75.77 as the wave 2 bottom happening mid-2023. This target is based on the retracement of wave 2.
Note the weekly look on AAPL , which is extremely bearish: a h&s is now broken to the downside with a price target again in the range of 76 (nice confluence).
Let's look on the hourly chart: we are inside wave II of C of (E) of 2. We have almost completed a zigzag (wave (w)) in wave II and I think there will be another zigzag coming.
Price targets for wave II peak? (136-137)
1) First, we have the broken weekly ascending trendline that is going to be tested and provide strong resistance (~137).
2) Retracement of wave I and volume profile: 136.27 is the 0.414 retracement, which is also the VAH.
I started publishing public weekly updates on AAPL on July 3rd, 2022 with the general idea that AAPL has peaked for wave 1 and the current wave 2 is correcting that whole move of 43 years (since 1980).
Let's go back to an idea I published on July 29th on AAPL , when it closed at 162.51 and I had the idea that it is going to 110: "From this point, I expect the third bearish zigzag to start developing, wave z of 2."
Since then, we have been updating the daily and hourly counts on the weekly updates, but the general idea has been the same and precise.
Update: what I see coming in 2023 is the continuation of wave 2 on AAPL . For now, I have 75.77 as the wave 2 bottom happening mid-2023. This target is based on the retracement of wave 2.
Note the weekly look on AAPL , which is extremely bearish: a h&s is now broken to the downside with a price target again in the range of 76 (nice confluence).
Let's look on the hourly chart: we are inside wave II of C of (E) of 2. We have almost completed a zigzag (wave (w)) in wave II and I think there will be another zigzag coming.
Price targets for wave II peak? (136-137)
1) First, we have the broken weekly ascending trendline that is going to be tested and provide strong resistance (~137).
2) Retracement of wave I and volume profile: 136.27 is the 0.414 retracement, which is also the VAH.
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