Apple (AAPL) — Is the Larger Wave III Still Unfolding?Apple Inc.BATS:AAPLMehdi_Abbasi_EWP**Reading time: 3 minutes** 🍎 In this update, we continue to follow the same long-term Elliott Wave framework, focusing on the potential development of the larger Wave III and the structural evidence that could support further upside. ## Bullish Case The primary count continues to suggest that Apple may be developing a larger-degree Wave III. The recent structure could be consistent with a **Leading Diagonal** or a nested 1–2 formation across multiple degrees. If the structure confirms this interpretation, the current movement may be part of the process leading to further upside and the eventual completion of the larger Wave III. For now, the focus remains on tracking the subdivisions, price action, and Fibonacci relationships rather than prematurely defining the market’s destination. The weekly chart identifies the following potential structural targets: - **First Bullish Target:** 608.51 - **Next Bullish Target:** 933.53 - **Equality with Wave I:** 1,609.43 - **Bullish Extension:** 2,941.47 These levels serve as potential structural reference points, not guaranteed destinations. Their relevance depends on the continued development of the proposed bullish structure. ## A Brief Look at the Bearish Case Alternatively, if the current structure develops as an **Ending Diagonal** in the final portion of the larger Wave III, the probability of the wave approaching completion and transitioning into a larger corrective phase would increase. This interpretation is not the primary focus of the current analysis. It remains an alternative possibility to reassess if the structural evidence begins to favor a different reading. ## Invalidation and What We Are Watching The chart marks **123.46** as the invalidation level for the current bullish count. A break below this level would require the proposed count to be reconsidered, although it would not, by itself, confirm any specific bearish alternative. Beyond Apple’s own structure, Tesla and other influential Nasdaq components are also worth monitoring. Structural alignment between AAPL, TSLA, and the NASDAQ-100 could provide additional evidence supporting further upside. A lack of alignment, however, would increase the need to reassess the broader interpretation. ## Final Perspective For now, our primary focus remains on the **Bullish Case** and the potential development of the larger Wave III. The Bearish Case remains an alternative interpretation, but the final assessment must be guided by actual price action and the evolution of the structure. We do not impose a structure on the market. We study it, test our interpretations, and allow price action to reveal the more probable path. **Patterns whisper, we listen.** *Mr. Nobody — Elliott Wave Principle* *Mehdi Abbasi & Rana* Apple Inc Aug 16 AAPL: The Final Wave III? Apple Inc Mar 26, 2024 bullish scenario of the second wave of the sideways correction p