Categories: Technical analysis

Apple Wave Analysis – 16 December, 2019

  • Apple reversed from support level 267.25
  • Likely to rise to 280.0

Apple recently reversed up from the support level 267.25 (former resistance level which stopped earlier impulse waves (iii) and 3 – acting as support after was broken recently).

The upward reversal from the support level 267.25 continues the active impulse waves 5 and (C).

Apple is expected to rise further toward the next resistance level 280.0, intersecting with the resistance trendline of the wide daily up channel from May.

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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