This is the daily chart of Apple and market is about to open in few minutes. Stock seem to be forming bullish wedge and there have been three touchpoints at both top and bottom trendlines of the wedge. It would be interesting to see if the stock still remains in the range and reverses after…
Apple has formed a bearish head and shoulder pattern clearly visible in weekly timeframe. Right shoulder has fallen in 5 waves as you can see in the chart. And the stock seem to have completed zigzag ABC correction. 5 waves impulse down in a confluence that this H&S might break down. As per EW counts,…
Trendline that worked as a support since September 2021 has now become resistance and the price was rejected from that level sharply. Whole down move from the top made in January this year looks like a complex correction (WXYXZ) and we seem to be in last leg (Z) of the correction. Question is how deep…