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02.12.2021 08:10 AM
Technical analysis of Apple for December 2, 2021

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you can see that article by clicking here). In the article, we also wrote, that Apple needs to break below support at 141.67 to confirm the top. We haven't seen a break below this support and the uptrend still remains in place. However, we now see ever more signs in form of a wedge-shaped rally or an ending diagonal as it is called in the Elliott Wave Principle. This is a very reliable pattern indicating a top is close by. A break below support at 156.36 will indicate the top is in place and a decline to support at 105.26 is in motion. However, a deeper corrective decline shouldn't be excluded.

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