Categories: Technical analysis

Apple Wave Analysis 14 June 2024

– 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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: apple

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