*Note this is not Financial advise in away, shape or form, its simply what I think is going to happen with apple. I am not an analyst if anything I am trying to become one.
Anyways the first and main thing that is noticed is that apple showed resistance at the Fibonacci level 1.618 meaning it held at there and stopped going down, this can indicate that the apple will hold around it, if it does break it I think it will shoot down and fall.
Apple is forming a descending wedge or triangle, its channeling down meaning that it will go down.
Before apple was following Elliot waves,
Apple does have a tendency to break into islands, which can be good and bad which I think its makes it unpredictable,
With volume in mind there is no telling what is happening.
My best overall guess is that it will fall yet that might not even happen.
Anyways the first and main thing that is noticed is that apple showed resistance at the Fibonacci level 1.618 meaning it held at there and stopped going down, this can indicate that the apple will hold around it, if it does break it I think it will shoot down and fall.
Apple is forming a descending wedge or triangle, its channeling down meaning that it will go down.
Before apple was following Elliot waves,
Apple does have a tendency to break into islands, which can be good and bad which I think its makes it unpredictable,
With volume in mind there is no telling what is happening.
My best overall guess is that it will fall yet that might not even happen.