APPLE Is Back To Bullish Mode
Feb 15, 2023

APPLE

Apple is back to bullish mode, as we see sharp reversal and strong rebound after a completed complex correction by Elliott wave theory.

Apple was down in 2022, but slow price action and choppy + overlapped wave structure indicates for a corrective movement, so it’s ideally a complex 7-swing (W)-(X)-(Y) correction in higher degree wave 4. With recent sharp reversal and strong rebound from projected support, we believe that bulls are back to bullish mode and can send the price back to highs for wave 5 in the future.

APPLE Is Back To Bullish Mode Daily Chart
Apple Daily Chart

Technically speaking, Apple found the support at a perfect area by textbook, where we see 38,2% Fibonacci support and equal wave length of (W)=(Y). Now that is turning sharply up, we believe that there’s room for more gains, just be aware of temporary short-term corrective pullbacks. Nice support is already around 145 level.

Aussie Slowed Down After A Wedge Formation. Check our article HERE

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close