FX.co ★ Technical analysis Apple for September 15, 2022

We have been following Apple for quite a while now. Apple has followed Livermore's Accumulation Cylinder to the letter and we have just completed point 12. We should now see a decline toward point 13, which likely equals a decline toward the 38.2% corrective target near 113.

Looking at Livermore's chart, we can see that a much larger corrective decline should be expected, but let's take the supposed decline in baby steps and our next downside target is seen near 113.

Resistance is seen at 164.25 which is expected to cap the upside for the predicted decline towards 113.00.