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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