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Technical analysis of Apple for December 2, 2021

analytics61a8631fbb4a5.jpgyou can see that article by clicking here). In the article, we also wrote, that Apple needs to break below support at 141.67 to confirm the top. We haven't seen a break below this support and the uptrend still remains in place. However, we now see ever more signs in form of a wedge-shaped rally or an ending diagonal as it is called in the Elliott Wave Principle. This is a very reliable pattern indicating a top is close by. A break below support at 156.36 will indicate the top is in place and a decline to support at 105.26 is in motion. However, a deeper corrective decline shouldn't be excluded.

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