- Apple reversed from daily up channel
- Likely to rise to 255.00
Apple recently reversed up from upper trendline of the recently broken daily up channel from August (acting as support after it was broken by the previous impulse wave (iii)).
The upward reversal from this support area started the active short-term impulse wave (v) – which belongs to the extended impulse sequence (C) from June.
Apple is expected to rise further and retest the next resistance levels – 255.00 (target price for the completion of the active impulse wave (v)).