After the trend $AAPL has shown and breaking its own all time highs, it is finding resistance at 134. This is where the 1.618 Fib level is located. $AAPL needs to have a close above 134 and maintain it to break to the upside. The last red candle at the top is forming a bearish evening star, which would be confirmed with a LL-LH next week means the retracement heading to 119 has started.
I'm bearish just for this possible 10% retracement, which could actually be a good entry point afterwards for a long position considering the overall trend.
I'm bearish just for this possible 10% retracement, which could actually be a good entry point afterwards for a long position considering the overall trend.