FX.co ★ Technical analysis Apple for May 2, 2022

Despite a strong Q1 result Apple turned lower last week and lost 2.56%. This was entirely in-line with our expectations after Apple peaked at point 12 in Livermore's Accumulation model. More downside remain expected towards point 13 near at least 113.08 and possibly even closer to 91.49 but that will only be point 13 we still need to 14 and maybe even 15 before a possible reversal of the on-going correction.

So continue to look for more downside pressure towards 113.08 in the weeks ahead.