For Traders

Analytical Reviews

Technical analysis

16.09.202107:41 Forex Analysis & Reviews: Technical analysis of Apple for September 16, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On September 1 we showed the almost 100 year old Accumulation Cylinder call for a top in Apple and this possible top seems to be playing out just perfect. We still need a a break below support at 141.67 to confirm that a long-term top is in place and a larger correction is unfolding towards support in the 59 - 77 area. Ideal we will see a correction towards the 61.8% corrective target near 59.00.

That said, we can't call the top before a break below support at 141.67 has been seen. Until that break has been seen, we can't exclude one more new all-time high, but the odds seems very low for this outcome.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.