Technical analysis

Apple Wave Analysis – 3 June, 2022

Apple Wave Analysis – 3 June, 2022

• Apple reversed from resistance level 150.00
• Likely to fall to support level 140.00

Apple recently reversed down from the pivotal resistance level 150.00 (former multi-month low from March) intersecting with the 38.2% Fibonacci correction of the downward impulse from March.

The downward reversal from the resistance level 150.00 started the active minor correction (b).

Apple can be expected to fall further toward the next support level 140.00 (target price for the completion of the active minor correction (b)).

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