Categories: Technical analysis

Apple Wave Analysis – 30 April, 2020

  • Apple broke resistance area
  • Likely to rise to 300.00

Apple recently broke the resistance area lying between the key resistance level 290.00 (which stopped the previous impulse wave 1) and the 61.8% Fibonacci retracement of the previous medium-term ABC correction (B) from January.

The breakout of this resistance area accelerated the active impulse wave 3 which belongs to the overriding impulse sequence (C).

Apple is expected to rise further toward the next resistance level 300.00 (which stopped the previous wave 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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The FxPro Tech Analysis Team
Tags: AAPL

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