– 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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