- Apple reversed from resistance level 220.00
- Likely to fall to support level 208.00
Apple recently reversed down from the pivotal resistance level 220.00 (former strong support from November and January, acting as the resistance level after it was broken previously).
The donwward reversal from this resistance level 220.00 stopped the previous short-term correction 4 – which belongs to wave (C) from February.
Apple can be expected to fall to the next support level 208.00 (which reversed the price earlier this month).
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By the FxPro Analyst Team
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Disclaimer
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