Exactly... slightly different from ascending triangle or rising wedge, whereas this needs to “fill the gap” below before rebounding... it closed below 119 which was big, now if it stays below the next few days, I see this falling just a few more points before shooting back up.
That said, AAPL follows/leads the market... so, watch SPX/SPY, and watch for larger move to determine next play.
Let me know what you think!
RobFlorio
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what about the double bottom up to $24 maybe?
FreshCrypto
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Yes I thought it was the BTC pattern for a second haha..it will drop down
Quantium_Research
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This triangle has a few interesting levels around it. The lower bound of the triangle coincides with the price level from the high at the end of July (as of close price), and a little below that around $214-215 is the level used as resistance on the earl May high. The market will have to crash through both of these significant levels to confirm a new downtrend.
That said, AAPL follows/leads the market... so, watch SPX/SPY, and watch for larger move to determine next play.
Let me know what you think!