AAPL trades on a pending bullish butterfly. Although this is by default a bullish pattern the failure of a bullish butterfly almost always leads to capitulation to the following fibs.
The local action we have on AAPL is not typically what we see in the low of a bullish reversal which makes me inclined to speculate on a sharp drop on the failure of the bull pattern.
The local action we have on AAPL is not typically what we see in the low of a bullish reversal which makes me inclined to speculate on a sharp drop on the failure of the bull pattern.
Trade active:
Long 150 - 160 puts.
Comment:
I think this is the break being made in AAPL.
Let's see how it goes.