AhilanThurairajah
Short

AAPL is still within it's downtrend

NASDAQ:AAPL   APPLE INC
104 0 1
In the last few days just because AAPL             looked like it broke off from a triangle formation to the upper side, many of us were thought to believe it is now in a bullish trend .

As you will see in the weekly chart, it is well within it’s down trend.
In the hourly chart in a close look, it is trying to reach the Fibonacci extension of $547.19. It should be able to reach its target in a day or two.

Personally I initiated my bearish trade at $548 and closed it at $528.00. Will initiate another bearish trade, once it hit my target and if the momentum and candle stick pattern supports my argument.
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