Hi Folks.
Looking like we have a clear Head and Shoulders pattern forming on the 4h chart for AAPL. Elongated left shoulder with consistent volume leading to a spike in volume for the low and high of the head. Right shoulder looking like it may be tiny and at most bouncing off the .236 retrace.
The .236 itself seems to be our target for the 50EMA; this gives more legitimacy to it as support to form the right shoulder.
The target of 218 represents the full potential of our H&S.
Should the H&S fully form and break to the upside this would have been an amazing recovery from recent lows and produce new highs for this stock.
Dingy
Looking like we have a clear Head and Shoulders pattern forming on the 4h chart for AAPL. Elongated left shoulder with consistent volume leading to a spike in volume for the low and high of the head. Right shoulder looking like it may be tiny and at most bouncing off the .236 retrace.
The .236 itself seems to be our target for the 50EMA; this gives more legitimacy to it as support to form the right shoulder.
The target of 218 represents the full potential of our H&S.
Should the H&S fully form and break to the upside this would have been an amazing recovery from recent lows and produce new highs for this stock.
Dingy
The 50EMA is heading to words our price action. Lets keep an eye on the 50EMA as support for the low of the Bull Flag and right Shoulder of the inverted Head and Shoulders.