AAPL, Crucial Structure, Over -25% Drop Not Unlikely!

Hello,

Welcome to this analysis about AAPL and the 2-day timeframe perspectives. The stock market is moving into more and more overbought conditions seen in the major indices like the S&P 500 or the DOW JONES INDUSTRIAL as the printing press is still moving exponentially since last years corona pandemic shocked the world's economy, now given this we can measure that these are unhealthy developments as inflation is taking place and is at a point the last time seen in the 2008 financial crisis, this just is fueling the market with inflationary money and bringing the asset-price-inflation forward we see now however this can not go on forever, there is a correction insight and in AAPL I detected the technical signs in the relation now.

When looking at my chart we can watch there how AAPL has emerged with this massive ascending-wedge-formation which is in many occasions a formation defining a bearish reversal to the downside and therefore should not be kept from the desk here especially as AAPL reached an overbought condition and is slowing down in momentum as the decreasing-volatility-circle marked in dashed red shows in my chart. In this case now AAPL completed the coherent wave-count within the formation and now pulled back almost the third time from the upper-boundary and as AAPL also forms this local head-shoulder-formation there is a high possibility given that the pullback firstly initially minimum continues to the lower boundary.

Taking these factors into the consideration, when AAPL completes the head-shoulder-formation here and continues to test the lower boundary this will be crucial because when AAPL breaks out below the boundary and also below the 61.8% Fibonacci-retracement this will mark the completion of the whole formation and will activate the lower target-zones, firstly the initial drop-zone and when this zone does not hold the full drop-target-zone at the psychological level 100. What AAPL does then within this zone will be important in any case the bearish perspective should not be underestimated here especially when bearish pressure accelerates under the suggested conditions in the near future.

In this manner, thank you for watching my analysis about BITCOIN and its major distribution-fractal compared to the previous and central upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
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Information provided is only educational and should not be used to take action in the market.