Hybriss

AAPL Short Opportunity Next week

Short
NASDAQ:AAPL   Apple Inc
H&S formed on the Hourly chart at the support level of the tunnel.

There's two scenarios here:

1- H&S breakout confirmed and this will also confirm the tunnel breakout. Becoming into a strong selling position

2- H&S fails and price comes up to test previous resistance level completing the wave (5) followed by a big pullback correction

MACD and RSI should some divergencies

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.