$AAPL – Monthly Update –
Those who acted on our Apple Forecast from July 20 are sitting on gains of about 10%—while many are left wishing they had. Now comes the critical part: assessing whether a pullback is on the horizon, exploring alternative paths, and determining if our Long-Term Forecast needs any adjustments. The data is in, the charts are speaking—let’s chart the path forward before the next big move leaves others chasing from behind.
CANDLES
Apple delivered, and there’s no reason to complain. The daily frame is aggressively bullish, with fresh 8/20 and 50/100 bullish crosses and a decisive breakout above the 200 DMA. The weekly and 15D frames have both formed bottoms, significantly increasing the odds of a strong bullish close for August.
Elliott Wave
Mid Term
Long Term
(no changes to this assessment)
Apple most likely completed a 35% correction and is now possibly starting to form a major impulsive wave to the upside. At this stage, the move is interpreted as either wave (5) in purple or wave (3) in blue on the long-term chart. From a technical standpoint, it may take a few more months of price action before we can clearly distinguish between these two bullish scenarios.
While the bullish path remains the primary scenario, a potential bearish alternative—shown as the red count on the mid-term chart—remains on the radar and cannot be fully ruled out just yet.
SUMMARY
AAPL has possibly begun a breakout, with solid technical support for the view that it is in wave iii of some degree. Candlesticks, momentum indicators, and technical setups are aligning to back the case for a significant long-term move higher.
As I noted on July 20, 2025: “It would be reasonable to anticipate Apple gaining 50–70% over the next 3–4 years, or even potentially doubling in value.”
Happy Trading!
