AAPL Bearish Rising Wedge and Bearish Divergence
Similarly to TSLA, which I covered a few minutes ago, Apple's chart is showing the same bearish pattern and indicator. A bearish rising wedge has formed (red) and there is bearish divergence on the daily RSI, with the price making higher highs while the RSI has made lower highs. This represents buyer exhaustion.
(You can ignore the yellow lines. They are long-term accelerating fan lines going back in some cases years.)
(You can ignore the yellow lines. They are long-term accelerating fan lines going back in some cases years.)
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