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Technical analysis for Apple on October 5, 2022
00:46 2022-10-05 UTC--4
Exchange Rates analysis

Apple continues to follow Livermore's Accumulation Cylinder to the letter. After peaking at point 12 at 176.15, Apple again turned lower and should move towards at least 91.50 to fulfill point 13. It's possible that point 13 can be even lower, but for now we will concentrate on the 91.50 target.

In the longer term, we should expect even more downside pressure for Apple as Livermore's Accumulation Cylinder also has point 14 to reach, but as always let's take the future corrective decline in baby steps.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.