The trend in orange was taken from a similar fractal from the Crypto bubble (see AE/BTC) in 2018.
This stock has traded virtually identically and has been forming a top for awhile now. Just waiting on conformation of the reversal as the price action hits 15.50.
Once 15$ is hit it should confirm the reversal in the downtrend and a short bid will be entered...
Expecting a correction at the very least ranging between 10-20%. AAPL being almost 7.2% of the SPX500, expect further volatility on the market indexes.
The rampant speculation surrounding tech stocks is getting increasingly pervasive as we approach the stock split date (august 31st)
Big wedge showing the compression of the VIX has uncertainty still hasn't left the economic scene. As Big Tech maintains bubble-ish highs, the stock scene is looking especially sketchy nowadays.
Long on the Vix here, short on equities
With the hype surrounding EV manufacturers right now, the potential for this fresh IPO to reach new highs is good in the short term. Looking to go Long if we break 17$ with target at 19-20$ and stop loss if it dips under 16