The Crux of the Matter May Lie With $AAPL

I can see two basic alternatives on $AAPL between which it is difficult for me to choose. Both alternatives look equally reasonable to me.

I have it as having completed an impulse wave off the 5/20 low (green 1). Presently, I also have it as having completed a 3-wave pullback for green 2. And the little local break of trend today looks promising:

AAPL

However, what if the little break of local trend is a trap? They sometimes are. What if the 3-wave pullback I have is only the first leg of a larger 3-wave pullback? If so, it would imply that a deeper green 2 is needed.

AAPL

I feel like picking between these two is a bit of a coin flip, though in both cases, i would still expect higher prices eventually.


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