Apple is at 171 which is the support level. This is the level which needs to be respected and will follow suit to be continued up. The profit taking on this pair will be at 185. The trend is bearish on this but the market will be retracing. The mark up will only be catered for the retracement.

The retracement level of 61.8% is in confluence with the support level. It needs to be respected for the continuous movement upwards.

EMA 50 is bearish and we can book the profits at the retest of this EMA 50 retest.

RSI is at 21. It is already in an over sold region and when aligned with the technical factors, it will continue moving up.

Apple to be bullish from now

Aug 18 2023