AAPL: Breakout of EMA-50 to the downside since January 23, 2023.
The break of the EMA-50 to the downside represents a major correction as since January 23, 2023, the EMA-50 has been dynamic support where the price touched it on March 1, 2023, and then came very close on March 13, 2023.
After these dates, AAPL remained distant from EMA-50 until today, when it made the downward breakout making a gap and closing at 181.99 below EMA-50.
On the other hand, the relevant FIBO levels are 38% at (169.25) and the most important 50% at 160.78 coinciding with SMA-200.
After these dates, AAPL remained distant from EMA-50 until today, when it made the downward breakout making a gap and closing at 181.99 below EMA-50.
On the other hand, the relevant FIBO levels are 38% at (169.25) and the most important 50% at 160.78 coinciding with SMA-200.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.