AAPL - Beware the Hanging Man pattern - 1D
AAPL demonstrating a warning that selling pressure is mounting. Previous day would have been valid reversal pattern if todays candlestick closed lower, however it closed higher with another hanging man pattern.
The appearance of these candlesticks near the top of a pattern usually demonstrates a bigger selloff to start the day, and then a rally back to the starting point. The long shadow indicating that selling pressure is beginning, which can be seen in the last 3 candlesticks.
AAPL coming off a huge gain after both financials were solid, and the announcement of the split. Current pattern is bullish, and will continue, look out for a further confirmation of reversal.
The appearance of these candlesticks near the top of a pattern usually demonstrates a bigger selloff to start the day, and then a rally back to the starting point. The long shadow indicating that selling pressure is beginning, which can be seen in the last 3 candlesticks.
AAPL coming off a huge gain after both financials were solid, and the announcement of the split. Current pattern is bullish, and will continue, look out for a further confirmation of reversal.
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