BATS:AAPL   Apple Inc
I've drawn a channel based on the 201.17 & 77.51 pivots . Then I CLONED the reference channel and look what happened; a MONTHLY shooting star that close just below the top of a CLONE. At the same time there was a significant negative divergence and a much lower EFI bar.On a monthly chart, more often then not, this scenario is a sign of a SURE TOP. Now you can use the boundaries of the channels as your support/ resistance .. You can also add a FIB retracement starting from the 77.51 pivot to the shooting star . As a general rule price below 10MA is considered bearish .


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