YusufS
Long

AAPL bounce play

NASDAQ:AAPL   Apple Inc
AAPL             has been crushed the past week(s). and it has finally slowed down and consolidated. I think this is the bottom because it has a triangle setup. Now, most people say triangle setups (aka wedges , continuation patterns, ABC pattern, etc.) can go both ways. That is true to some degree... and ill explain what i mean. a triangle setup after a downtrend that has higher highs is a BEAR FLAG , ones that have lower lows (like the circles i drew to point out) such as AAPL             above are bullish patterns. I used my fib retracement and extension tool to find confluence for the most accurate exit price (red boxes are the two possible exit zones) and i found two areas of heavy confluence above.
*also check out the RSI increasing in strength
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