Technical analysis

Apple Wave Analysis – 10 March 2023

• 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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