DollarPipsFX

Last Bull Move UP followed by Deep Correction DOWN (ELLIOTWAVE)

NASDAQ:AAPL   Apple Inc
For APPLE i believe we are just about to end our flat corrective structure for Major Wave 4. We should have one more Wave up to complete the 5 impulsive wave required to complete the cycle. I do believe this final Wave 5 to the upside would not be very extended and might only breach the current tops by a little bit and then drops down for a deep correction as showed on the charts. I believe this is the case as we did see an extension for Wave 3. Hence its very rare to have two sets of extensions in a complete 5 Wave cycle.

For the entry into the bull market i would wait for Wave 1 and 2 within the Major Wave 5 to complete and the going in for the buy all the way up till the Wave 5 within the Major Wave 5 completes. However with the current economic situations and inflations this may take longer then expected as more people would be skeptical about investing their money in general which would cause the up move to be choppy and filled with consolidation. Good Luck
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