AAPL update 3/25/2015: TIs suggest minor 4 under way

The daily chart of AAPL looks weak, with all TIs pointing down, wanting to see lower lows. (Text continued below daily plot)

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Looking at the wave count and Fib-extensions etc we can see that minor 3 topped exactly at the minute v = minute i relationship,. Picture perfect. We’ve then seen likely minute a down and minute b up. Since minor 4 ideally retraces 32.6-38.2% of the prior entire minor 3 wave, the green box shows the ideal minor 4 targetzone: $114-$104. Using Fib-extensions for minute c of minor 4 (in this case in orange) we can see that at c=1.236x a the 23.6% extension will be hit perfectly. Hence “c?”. However, and also, at the 1.618x a extension price will have retarced back to the 138.2% extension of minute i, from ii, which is also a logical target for a c-wave. Hence the $114-$110 zone seems to be the ideal minor 4 low, with the potential to hit $104. After minor 4 is in, minor 5 should ideally go to $145ish. That’s a $30 upside potential vs a $6 downside risk.

AAPL update 3252015

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