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Apple's Elliott Wave Analysis Points to More Downside Before Next Buying Opportunity

Confirmed

World Desk

In Short: FXStreet analysts predict further price declines for Apple before the next potential buying opportunity, as the stock continues its correction.

Apple has been coming lower from around $344, followed by some stabilization near the $300 area," said an FXStreet analyst. "However, in the near term, the current setup suggests that lower prices could still be seen before a more attractive opportunity develops.

This time, I want to focus on another major technology name: Apple," the analyst continued. "From an Elliott Wave perspective, I would not be surprised to see another leg lower for wave C of wave four.

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