Overview: let’s review the key notes of the previous update:
Update: the price action of AAPL was exactly as we expected. We went higher before rejection and moving downwards to end the week. No change to the two scenarios needed and both are still very valid, although I have a preference to the red path, also shown on the daily chart.
- We have peaked for wave 1.
- 2 scenarios for wave 2: red path is that wave 2 bottom is in and wave 3 has started. Green path is that we are still in wave 2 developing as a flat.
Update: the price action of AAPL was exactly as we expected. We went higher before rejection and moving downwards to end the week. No change to the two scenarios needed and both are still very valid, although I have a preference to the red path, also shown on the daily chart.
