- Apple broke support area
- Likely to fall to support level 200.00
Apple recently broke the support area between the strong support level 220.00 (which has been reversing the price from October) and the 61.8% Fibonacci correction of upward impulse from August.
The breakout of this support area accelerated the active impulse wave 3 of the sharp downward impulse wave (C) from February.
Apple can be expected to fall to the next round support level 200.00 – which is the target price for the completion of the active impulse wave (C).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.