AAPL daily shows a channel down (validated by mid-line support at several points). However, after the completion of the H&S, a falling wedge is taking shape, with the former neckline of the H&S now acting as resistance (red). Should the wedge break to the upside and fill the gap, look for a target near 110. The last two months has also formed what could potentially be an ascending triangle (shown in green) as range for the falling wedge tightens.Note
Gap filled. Now testing that upper channel extreme.
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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.