After yesterday’s post, I did a double take of Apple’s chart and noticed another pattern, a falling wedge. It’s trading in either a Descending Triangle (a bearish pattern) or a Falling Wedge (a bullish pattern). You be the judge.
Questions? Comments? Leave me a reply
Go with trend bearish until proven otherwise
Ok then option 3: downtrend.
500 makes a lot of sense as resistance, but if it were to break that, that’s your falling wedge there…
The pattern will reveal itself post earnings is my best guess. What’s good is that both downtrend lines are nearly the same; good for reference.