AAPL Long

Market Structure:
Apple remains in a short-term downtrend, following a clear Break of Structure (BOS) to the downside around $244, confirming bearish continuation from the prior lower high near $254. However, the recent candle formation suggests a possible Change of Character (CHoCH) as price begins to stall and form higher lows around the $246–$247 area, indicating early signs of accumulation.

Supply & Demand Zones:
The demand zone between $244 and $246 has shown a decent reaction—buyers stepped in with strength after a deep sweep of lows, suggesting that liquidity has likely been collected from resting stops below $245. The nearest supply zone lies between $248.5 and $249.5, where price previously dropped sharply, confirming the presence of aggressive sellers. The larger, more significant supply region sits higher between $252.5 and $254, the origin of the recent impulsive drop, making it a strong area for potential short setups if price reaches it.

Current Price Action:
Price is consolidating just above local demand, with small-bodied candles showing indecision but higher lows forming. The market appears to be preparing for a retracement move back into the $248–$253 range. The arrow path on your chart suggests a likely bullish correction toward the upper supply before sellers potentially re-enter.

Bias & Outlook:
The short-term bias is bullish, expecting a retracement toward $252–$253 before potential rejection. The key invalidation level for this scenario is below $244—a clean break beneath that would confirm bearish continuation and invalidate the recovery structure.

Momentum & Candle Behavior:
Momentum is neutral-to-slightly bullish, with shorter wicks on the downside and volume compressing near demand, indicating seller exhaustion. A bullish engulfing or strong breakout candle above $248 would confirm short-term momentum shift.