- Apple broke daily Rising Wedge
- Likely to fall to support level 225.00
Apple recently reversed from the resistance area between the resistance level 240.00 (which also reversed the price in March) and the upper daily Bollinger Band.
The downward reversal from this resistance area started the active downward correction which then broke the daily Rising Wedge from August.
Apple can be expected to fall further toward the next support level 225.00 (low of the previous correction 2 from August).
- Likely to fall to support level 225.00
Apple recently reversed from the resistance area between the resistance level 240.00 (which also reversed the price in March) and the upper daily Bollinger Band.
The downward reversal from this resistance area started the active downward correction which then broke the daily Rising Wedge from August.
Apple can be expected to fall further toward the next support level 225.00 (low of the previous correction 2 from August).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.