Market Snapshots

Apple Wave Analysis – 15 May, 2020

Apple Wave Analysis – 15 May, 2020

• Apple reversed from support area

• Likely to rise to 320,00

Apple today reversed up from the support area lying between the support level 302.00 (former strong resistance from the start of March) and the 38.2% Fibonacci correction of the previous upward impulse (i) from April.

The upward reversal form this support area continues the active impulse waves 3 and (C).

Apple is likely to rise further toward the next resistance level 320,00 (which stopped the previous impulse wave (i)).

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