Apple Wave Analysis – 8 December, 2021

• Apple broke the resistance level 170.00

• Likely to rise to resistance level 175.00

Apple recently broke the resistance level 170.00 (which stopped the price at the end of November), intersecting with the resistance trendline of the daily up channel from October.

The breakout of the resistance level 170.00 was preceded by the breakout of the weekly up channel from May – which accelerated the active impulse waves 5 and (3).

Given the clear daily uptrend Apple can be expected to rise further toward the next resistance level 175.00 (target for the completion of the active impulse wave 5).