empty
22.12.2022 08:36 AM
Technical analysis of Apple for December 22, 2022

This image is no longer relevant

Apple is currently sitting on the S/H/S top neckline. Eventually, this neckline should be broken for a continuation lower towards at least 113.08 and likely closer to the 50% corrective target at 91.50 to complete point 13 in Livermore's Accumulation Cylinder. However, even stronger downside pressure should ultimately be expected to fulfil point 14 and maybe even point 15 which time will show.

A break below support at 129.81 will activate the S/H/S top for the decline to 91.50 and likely lower in the longer term.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for GBP/USD on September 2, 2025

On the hourly chart, GBP/USD continued its upward move on Monday toward the 100.0% retracement level at 1.3586, but turned in favor of the dollar overnight on Tuesday and began

Samir Klishi 10:25 2025-09-02 UTC+2

Forex forecast 02/09/2025: EUR/USD, GBP/USD, USD/JPY, SP500, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:07 2025-09-02 UTC+2

GBP/USD. Indicator Analysis on September 2, 2025

Trend Analysis (Fig. 1). On Tuesday, the market, from the level of 1.3540 (yesterday's daily close), may begin moving downward, targeting 1.3486 – the 23.6% retracement level (yellow dotted line)

Stefan Doll 09:53 2025-09-02 UTC+2

EUR/USD. Indicator Analysis on September 2, 2025

On Monday, the pair moved upward, almost testing the upper fractal at 1.1742 (blue dotted line), and then the price went down, closing the daily candle at 1.1710. Today

Stefan Doll 09:47 2025-09-02 UTC+2

Crude Oil has the potential to strengthen today, rising towards its nearest resistance level. Tuesday, September 02, 2025.

[Crude Oil] – [Tuesday, September 02, 2025] With the EMA (50) condition above the EMA (200) and the RSI in the neutral-bullish area, there is potential for #CL to strengthen

Arief Makmur 07:01 2025-09-02 UTC+2

As long as it doesn't break through and close above 98.00, the #DXY has the potential to weaken today. Tuesday, September 02, 2025.

[USDX] – [Tuesday, 02 September 2025] Although the RSI is in the Neutral Bullish area, with the two EMAs position crossing the Death Cross, as long as it doesn't break

Arief Makmur 07:01 2025-09-02 UTC+2

EUR/USD Forecast for September 2, 2025

EUR/USD On Monday, the euro rose slightly, just short of the MACD indicator line, which confirmed the erratic nature of the current price development. If we consider that the index

Laurie Bailey 06:28 2025-09-02 UTC+2

AUD/USD Forecast for September 2, 2025

AUD/USD On Monday, the Australian dollar reached the MACD line on the daily chart and today pulled back from resistance. The signal line of the Marlin oscillator is turning down

Laurie Bailey 06:28 2025-09-02 UTC+2

GBP/USD Forecast for September 2, 2025

GBP/USD By the end of Monday, the pound sterling had risen by 39 pips, surpassing the target level of 1.3525. Of course, such a move brings the pound closer

Laurie Bailey 06:28 2025-09-02 UTC+2

Trading Signals for EUR/USD for September 1-5, 2025: sell below 1.1718 (200 EMA - 8/8 Murray)

A consolidation on the H4 chart below 1.1640 could signal a bearish acceleration, and we could expect the euro to reach the 6/8 Murray level at 1.1596 and even

Dimitrios Zappas 18:10 2025-09-01 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.