Good Morning Everyone,
AAPL has been struggling as of late. Over the course of the last year it has formed a big head and shoulders pattern, and as of now we are on the cusp of finishing the right shoulder.
On top of this large H&S pattern, we have beautifly retraced back into the golden pocket of the January sell-off. This latest down move has us meeting up with the neck line while also forming a solid bear flag. My assumption is a move through the neckline and confirming a possible downtrend.
Keep an eye on AAPL's next moves. We are at a critical point right now and patients before entering will be rewarding. As of now I feel bearish on AAPL but will wait for confirmation.
AAPL has been struggling as of late. Over the course of the last year it has formed a big head and shoulders pattern, and as of now we are on the cusp of finishing the right shoulder.
On top of this large H&S pattern, we have beautifly retraced back into the golden pocket of the January sell-off. This latest down move has us meeting up with the neck line while also forming a solid bear flag. My assumption is a move through the neckline and confirming a possible downtrend.
Keep an eye on AAPL's next moves. We are at a critical point right now and patients before entering will be rewarding. As of now I feel bearish on AAPL but will wait for confirmation.