FX.co ★ Technical analysis Apple for March 3, 2022

Apple is beginning to shift its pattern to lower highs and lower lows indicating that we have seen the long-term peak and a larger corrective phase now is unfolding. The first target to look for is seen at 113, but longer-term more downside towards 70 and likely even closer to 59 before the corrective low is in place.

Short-term a break below support at 162 will increase the downside pressure towards 113.