Technical analysis

Apple Wave Analysis 25 June 2024

– Apple rising inside impulse wave 3

– Likely to rise to resistance level 218.60

Apple recently reversed up from the 38.2% Fibonacci correction level of the previous sharp upward impulse from May.

The upward reversal from this support level stopped the previous short-term ABC correction 2 from the start of June.

Given the clear daily uptrend and the improvement in risk sentiment seen across the USA markets today, Apple can be expected to rise further in the active impulse wave 3 to the next resistance level 218.60 (which stopped the earlier waves v and b).

Article Rating
Rate this post