Categories: Technical analysis

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)).

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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The FxPro Tech Analysis Team
Tags: AAPL

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