Categories: Technical analysis

Apple Wave Analysis – 25 February, 2022

• Apple reversed from support area

• Likely to rise to resistance level 165.00

Apple recently reversed up from the support area located between the key support level 155.00 (former low of wave A from Janaury), standing well below the lower daily Bollinger Band.

This support area was further strengthened by the 61.8% Fibonacci correction of the extended upward impulse wave C from the end of September.

Given the strength of the aforementioned support area – Apple can be expected to rise further toward the next resistance level 165.00 (former support from the middle of February).

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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