Apple Wave Analysis 25 March 2024

– Apple reversed from support level 169.60

– Likely to rise to resistance level 178.75

Apple recently reversed up from the key support level 169.60, which has been steadily reversing the price from May.

The support level 169.60 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from January.

Given the prevailing daily uptrend, Apple can be expected to rise further to the next resistance level 178.75 (which stopped the previous impulse wave 1).