$AAPL Watching for Blue (2) Completion Before Major Breakout
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Apple is working through what looks to be a clean Blue (2) correction after completing Blue (1). Structurally, the wave count remains intact with no major invalidation so far. If this low holds, the next impulsive leg (Blue 3) could begin soon.What I’m watching:
Clean corrective move into Blue (2)
Price respecting prior wave (4) support
Potential risk-reward favoring upside if structure confirms
A break higher from here would confirm the setup and open the door to significantly higher levels in the next impulsive leg. Still allowing for a bit more downside within Blue (2), but risk is tightening.
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Wave completion setups often precede strong directional moves.
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Wave completion setups often precede strong directional moves.
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