Categories: Technical analysis

Apple Wave Analysis – 16 April 2025

Apple: ⬇️ Sell

– Apple reversed from resistance level 210.00

– Likely to fall to support level 190.00

Apple earlier reversed down from the resistance zone between the resistance level 210.00 (former support from the start of March), 20-day moving average and the 50% Fibonacci correction of the impulse wave (1) from February.

The downward reversal from this resistance zone stopped the previous medium-term correction (2) from the start of April.

Apple can be expected to fall to the next support level 190.00 – the breakout of which can lead to further losses toward the next support level 170.00.

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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