Apple Inc Bearish Candle

The APPL (Apple Inc) chart recently printed a very strong bearish candle in the last week of August.
We can see that each time a bearish candle shows up a strong drop follows.

The candle of late August is the strongest bearish candle we've seen in the past few years, this might be signaling that the potential drop could be strong.

We saw a drop of 35% back in March and another 39% one back in Dec. 2018.

A similar drop now would put APPL close to EMA50 or 89.94, lower prices are possible.

Namaste.

評論:

It is moving lower as charted...