AAPL - Bearish Divergence 2W & Ascending Broadening Wedge

Updated

APPL looking bearish on the larger timeframe, a bearish divergence is present and also an ascending broadening wedge pattern (ABW).

Info on info on ABW-pattern: elliottwavemarketservice.com/wp-content/uploads/2010/08/Broadening-Ascending-Wedge-Pattern.png

Note

Support is on Ichimoku cloud, best bet to exit or long again.

Note

THE ABW-pattern is between the yellow line on price and the middle line of the pitchfork. The dashed line is the middle line of the wedge.

Note

Reached Target Zone

Trade active

I expect a relief rally on stocks now.

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