Apple is currently in a retracement from the recent highs, and this correction may not be finished yet. I believe this is wave C of four, as shown in the latest update on wave structure. Usually, wave C tends to be equal to wave A, which in our case points to interesting support around 240. That level also aligns with the 50% retracement for wave four, making it a key area to watch. So, if someone is looking for new opportunities, this is certainly a zone where the counter trend move could come to an end in the coming weeks.Â
A drop below 213 would invalidate the current bullish intermediate structure and would likely signal that wave C of three within an ending diagonal has already been completed.
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