Expect Even More Downside Pressure For Apple

Apple continues to follow Livermore's Accumulation Cylinder to the letter. After peaking at point 12 at 176.15, Apple again turned lower and should move towards at least 91.50 to fulfill point 13. It's possible that point 13 can be even lower, but for now we will concentrate on the 91.50 target.

In the longer term, we should expect even more downside pressure for Apple as Livermore's Accumulation Cylinder also has point 14 to reach, but as always let's take the future corrective decline in baby steps.

Relevance up to 06:00 2022-10-06 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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