Very very nice here from $AAPL and we spoke about this yesterday, the rejection at the ATH line was confirmed and today there was a continuation.
Straight down to the 0.38 Fib where the 50 Day MA was waiting, so we may see a relief bounce here before going lower again for Subwave 2.
We said yesterday that the 200 Day MA is at the 0.618 Fib too....and moving up to the 0.5 Fib at $182, this will be the area I would watch for the pull back to complete at.
makis
2024-01-04 14:40:47 +0000 UTC