Categories: Technical analysis

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)).

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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