AAPL has already been affected by a Bearish Head & Shoulders reversal pattern earlier this year (see related).
Now, another bearish pattern has formed — a Pennant (highlighted in yellow).
The price has broken below the Pennant’s support, triggering a potential bearish move.
The target is calculated by subtracting the length of the Pole (in white) from the support level of the pattern.
This target is marked with a blue dashed line at $127.
Is Apple melting down again?
I’d love to read your thoughts.
Now, another bearish pattern has formed — a Pennant (highlighted in yellow).
The price has broken below the Pennant’s support, triggering a potential bearish move.
The target is calculated by subtracting the length of the Pole (in white) from the support level of the pattern.
This target is marked with a blue dashed line at $127.
Is Apple melting down again?
I’d love to read your thoughts.
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