Apple Wave Analysis – 16 October 2026

Apple: ⬇️ Sell

– Apple reversed from strong resistance level 346.00

– Likely to fall to support level 330.00

Apple recently reversed down from the resistance zone between the strong resistance level 346.00 (which stopped wave (A) at the end of July and wave 1 at the end of September), the upper daily Bollinger Band and the resistance trendline of the daily up channel from the start of August.

The downward reversal from this resistance zone completed wave i and started the active short-term correction ii of the active impulse wave 3 from the start of October.

Given the strength of the resistance level 346.00, Apple can be expected to fall further toward the next support level 330.00 (target price for the completion of the active wave ii) – which stopped wave iv in the middle of September and the ABC correction 2 at the start of October.