Categories: Technical analysis

Apple Wave Analysis – 19 June, 2020

• Apple broke resistance level 352,00

• Likely to rise to 380,00

Apple recently broke through the resistance level 352,00 (which stopped the recent sharp short-term impulse wave 3 at the start of June).

The breakout of this resistance level continues the active short-term upward impulse sequence 5 – which belongs to the multi-month upward impulse wave (3) from April. Apple is likely to rise further toward the next resistance level 380,00 (target for completion of wave (3), intersecting with the steep daily up channel from April).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: AAPL

Recent Posts

Prospects for gold correction

Gold has experienced a correction, losing over 5% since late October. Further declines are expected,…

3 hours ago

The crypto market stands on top

The cryptocurrency market is consolidating near a $2.5 trillion capitalisation level, with Bitcoin stabilising near…

7 hours ago

EURAUD Wave Analysis 7 November 2024

- EURAUD under bearish pressure - Likely to fall to support level 1.6125 EURAUD currency…

20 hours ago

GBPUSD Wave Analysis 7 November 2024

- GBPUSD reversed from support level 1.2840 - Likely to rise to resistance level 1.3050…

20 hours ago

Bitcoin’s target is $100K, but could be $70K first

Bitcoin has reached all-time highs, hitting over $76K, with a projected rise to $100K in…

24 hours ago

Dollar roars up after election uncertainty

The dollar index rallied on the US presidential election results, picking its way up after…

24 hours ago

This website uses cookies