#WaveAnalysis #AAPL
• Apple reversed from support area
• Likely to rise to resistance level 165.00
Apple recently reversed up from the support area located between the key support level 155.00 (former low of wave A from January), standing well below the lower daily Bollinger Band.
This support area was further strengthened by the 61.8% Fibonacci correction of the extended upward impulse wave C from the end of September.
Given the strength of the aforementioned support area – Apple can be expected to rise further toward the next resistance level 165.00 (former support from the middle of February).
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• Apple reversed from support area
• Likely to rise to resistance level 165.00
Apple recently reversed up from the support area located between the key support level 155.00 (former low of wave A from January), standing well below the lower daily Bollinger Band.
This support area was further strengthened by the 61.8% Fibonacci correction of the extended upward impulse wave C from the end of September.
Given the strength of the aforementioned support area – Apple can be expected to rise further toward the next resistance level 165.00 (former support from the middle of February).
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#WaveAnalysis #AAPL
• Apple reversed from resistance level 150.00
• Likely to fall to support level 140.00
Apple recently reversed down from the pivotal resistance level 150.00 (former multi-month low from March) intersecting with the 38.2% Fibonacci correction of the downward impulse from March.
The downward reversal from the resistance level 150.00 started the active minor correction (b).
Apple can be expected to fall further toward the next support level 140.00 (target price for the completion of the active minor correction (b)).
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• Apple reversed from resistance level 150.00
• Likely to fall to support level 140.00
Apple recently reversed down from the pivotal resistance level 150.00 (former multi-month low from March) intersecting with the 38.2% Fibonacci correction of the downward impulse from March.
The downward reversal from the resistance level 150.00 started the active minor correction (b).
Apple can be expected to fall further toward the next support level 140.00 (target price for the completion of the active minor correction (b)).
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#WaveAnalysis #AAPL
• Apple reversed from resistance level 154.00
• Likely to fall to support level 145.00
Apple recently reversed down from the key resistance level 154.00, which has been repeatedly reversing the price from September.
The resistance level 154.00 was further strengthened by the upper daily Bollinger Ban and by the 61.8% Fibonacci correction of the downward impulse form August.
Apple can be expected to fall further toward the next support level 145.00 (which stopped the previous minor impulse wave (i)).
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• Apple reversed from resistance level 154.00
• Likely to fall to support level 145.00
Apple recently reversed down from the key resistance level 154.00, which has been repeatedly reversing the price from September.
The resistance level 154.00 was further strengthened by the upper daily Bollinger Ban and by the 61.8% Fibonacci correction of the downward impulse form August.
Apple can be expected to fall further toward the next support level 145.00 (which stopped the previous minor impulse wave (i)).
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#WaveAnalysis #AAPL
#Apple reversed from support level 180.00
Likely to rise to resistance level 197.45
Apple recently reversed up from the strong support level 180.00, which stopped waves A and (b) of the previous ABC correction (2) from the middle of December.
The support level 180.00 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the sharp upward impulse wave (1) from October.
Given the clear daily uptrend, Apple can be expected to rise further to the next resistance level 197.45, previous monthly high from July, December and January.
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#Apple reversed from support level 180.00
Likely to rise to resistance level 197.45
Apple recently reversed up from the strong support level 180.00, which stopped waves A and (b) of the previous ABC correction (2) from the middle of December.
The support level 180.00 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the sharp upward impulse wave (1) from October.
Given the clear daily uptrend, Apple can be expected to rise further to the next resistance level 197.45, previous monthly high from July, December and January.
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🥰1
#WaveAnalysis #AAPL
Apple reversed from support level 169.60
Likely to rise to resistance level 178.75
Apple recently reversed up from the key support level 169.60, which has been steadily reversing the price from May.
The support level 169.60 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from January.
Given the prevailing daily uptrend, Apple can be expected to rise further to the next resistance level 178.75 (which stopped the previous impulse wave 1).
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Apple reversed from support level 169.60
Likely to rise to resistance level 178.75
Apple recently reversed up from the key support level 169.60, which has been steadily reversing the price from May.
The support level 169.60 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from January.
Given the prevailing daily uptrend, Apple can be expected to rise further to the next resistance level 178.75 (which stopped the previous impulse wave 1).
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👍1
#WaveAnalysis #AAPL
– Apple reversed from resistance zone
– Likely to fall to support level 205.00
Apple recently reversed down from the resistance zone located between the resistance level 215.00 and the resistance trendline of the wide weekly up channel from last year.
The downward reversal from the resistance level 215.00 created the daily Japanese candlesticks reversal pattern Long-legged Doji.
Given the strength of the resistance level 215.00, Apple can be expected to fall further to the next support level 205.00, target for the completion of the active wave iv.
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– Apple reversed from resistance zone
– Likely to fall to support level 205.00
Apple recently reversed down from the resistance zone located between the resistance level 215.00 and the resistance trendline of the wide weekly up channel from last year.
The downward reversal from the resistance level 215.00 created the daily Japanese candlesticks reversal pattern Long-legged Doji.
Given the strength of the resistance level 215.00, Apple can be expected to fall further to the next support level 205.00, target for the completion of the active wave iv.
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👍1
#WaveAnalysis #AAPL
Apple rising inside impulse wave 3
Likely to rise to resistance level 218.60
Apple recently reversed up from the 38.2% Fibonacci correction level of the previous sharp upward impulse from May.
The upward reversal from this support level stopped the previous short-term ABC correction 2 from the start of June.
Given the clear daily uptrend and the improvement in risk sentiment seen across the USA markets today, Apple can be expected to rise further in the active impulse wave 3 to the next resistance level 218.60 (which stopped the earlier waves v and b).
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Apple rising inside impulse wave 3
Likely to rise to resistance level 218.60
Apple recently reversed up from the 38.2% Fibonacci correction level of the previous sharp upward impulse from May.
The upward reversal from this support level stopped the previous short-term ABC correction 2 from the start of June.
Given the clear daily uptrend and the improvement in risk sentiment seen across the USA markets today, Apple can be expected to rise further in the active impulse wave 3 to the next resistance level 218.60 (which stopped the earlier waves v and b).
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👍2
#WaveAnalysis #AAPL
Apple broke key resistance level 218.50;
Likely to rise to the resistance level 225.00.
Apple recently broke the key resistance level 218.50 (which stopped two of the previous waves 1 and b in June, as seen from the daily Apple chart below).
The breakout of the resistance level 218.50 accelerated the active short-term impulse wave 3.
Given the strong daily uptrend, Apple can be expected to rise further toward the next resistance level 225.00, intersecting with the resistance trendline of the weekly up-channel from last year.
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Apple broke key resistance level 218.50;
Likely to rise to the resistance level 225.00.
Apple recently broke the key resistance level 218.50 (which stopped two of the previous waves 1 and b in June, as seen from the daily Apple chart below).
The breakout of the resistance level 218.50 accelerated the active short-term impulse wave 3.
Given the strong daily uptrend, Apple can be expected to rise further toward the next resistance level 225.00, intersecting with the resistance trendline of the weekly up-channel from last year.
📣Trade responsibly with FxPro
👍1
#WaveAnalysis #AAPL
▫️#Apple reversed from support zone;
▫️Likely to rise to resistance level 210.00.
Read more
▫️#Apple reversed from support zone;
▫️Likely to rise to resistance level 210.00.
Read more
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Forex - Apple Wave Analysis 6 August 2024 | Technical analysis
- Apple reversed from support zone - Likely to rise to resistance level 210.00 Apple recently reversed up from support zone located between...