AAPL Testing Macro Wedge Resistance & Bearish RSI Divergence

Jul 17

Apple is approaching the upper boundary of a long-term rising wedge while daily RSI is developing bearish divergence. Price is making a higher high, but RSI remains below its prior peak, suggesting momentum may be weakening as AAPL tests major resistance.

This is not an immediate short signal. I am watching for confirmation through rejection at the upper trendline, a bearish reversal candle, or a loss of nearby support.

Trade thesis

A confirmed rejection could open the door to a broader pullback toward the $265–$280 confluence zone, where the lower wedge boundary and prior descending resistance may provide support.

If that zone fails, the next major structural support is near $245.56.

Key levels
Resistance and rejection area: approximately $330–$335
Initial pullback support zone: approximately $265–$280
Major structural support: approximately $245–$246
Invalidation

A sustained breakout and close above the upper wedge boundary would weaken the bearish thesis and suggest continued upside.

The divergence is still forming, so confirmation matters more than anticipation. Earnings Call is approaching as well so a break above the wedge on earnings may still not negate the wedge as many symbols have pumped and dumped on earnings during this calendar year.

Educational analysis only—not financial advice.

Jul 25

Note

Added Fib Extension after that bounce. Will be looking to Earnings and a short $347 and #364 as long as some confluence supports it (divergence etc).

Jul 31

Trade active

The trigger has happened and APPL is currently ~7% down after the earnings report. My current trade is put option so I'll need to see where the market opens for more clarity. Targets still stand but I will be looking for an additional short on a bounce. Will update reasons and targets in the coming days.