Apple, H&S or bullish wedge?
Apple broke an important support level (red zone) that triggered a possible H&S. This has a target around 195. But the right shoulder is not a typical one for an H&S and Apple was also still strong compared to other tech stocks. That's why there is still a possibility that this is all a bullish wedge.
For the H&S it should stay below that red zone, a break of that trend line from the highs, would suggest the wedge is in play.
For the H&S it should stay below that red zone, a break of that trend line from the highs, would suggest the wedge is in play.
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