Apple Inc ($AAPL) found buyers at the blue box area as expected

In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Apple Inc ($AAPL). The rally from 12.11.2023 low at $191.42 unfolded as 5 waves. So, we expected the pullback to unfold in 3 swings and find buyers at 195.31 – 193.16. We will explain the structure & forecast below:

$AAPL one hour Elliott Wave chart 12.17.2023

Here is the 1H Elliott Wave count from 12.17.2023. We expected the pullback to find buyers from the blue box area at red 4 in a 3 swing structure (ABC) at 195.31 – 193.16.

$AAPL one hour Elliott Wave chart 12.20.2023

Here is the 1H update few days later, showing the bounce taking place as expected. The stock reacted higher after reaching the blue box area allowing longs to get a risk free position.