26 Aug 2020 ● 04:48 AM
Apple Computer [AAPL] on the yearly chart shows that it may have started wave 5 of a long term advance where 5 = 1 points towards 1625.
Drilling down to the monthly chart we can say that the 5th wave has started its initial subdivisions
Finally looking at the daily and weekly setups we can look at the subdivisions from where this recent rally started in March 2020. The trend is developing a 2 degrees. The 3rd wave itself is subdividing into a 5 wave rise where III=I goes to 592. At a larger degree wave 3=1 goes to 670. The Elliott wave model suggest wave 5 long term will develop in 5 waves up and we are in wave 3.