Since the low of $493 on Jan-31-214, AAPL has made 5 waves up. Wave 1 ended on $551 on Feb 18th, 2014. Length of wave 1 is $58.00 (551-493).
Wave 2 ended at $511 on Apr 15th, 2014.
Wave 3 ended at $605 on May 16th, 2014. Length of wave 3 is 94 (605-511). This is 1.618% of wave 1 (58 x 1.618 = 93.844).
Wave 4 ended at $580 on May 9th.
If wave 5 is to be equal to wave 1, our target should is $638 (580 + 58). This is also equal to 0.618% of wave 3.
We are now at $636.59 after market price at 7.27PM (May 29th, 2014).
If I am correct, tomorrow, it should his around $638 and come down. Will it?
Wave 2 ended at $511 on Apr 15th, 2014.
Wave 3 ended at $605 on May 16th, 2014. Length of wave 3 is 94 (605-511). This is 1.618% of wave 1 (58 x 1.618 = 93.844).
Wave 4 ended at $580 on May 9th.
If wave 5 is to be equal to wave 1, our target should is $638 (580 + 58). This is also equal to 0.618% of wave 3.
We are now at $636.59 after market price at 7.27PM (May 29th, 2014).
If I am correct, tomorrow, it should his around $638 and come down. Will it?