Apple Bearish Counter Attack CandlesAAPL Printed a two candle formation known as a "Bearish Counter Attack". This occurs with one up, green candle first day. Second day sees a gap up open, then red, down candle that closes at the same area as the previous up day closed. In the case of AAPL, it was within one cent. Some research has revealed that this formation results in a down day the next day 57% of the time, with the next day being up 43% of the time. See attached image. www.feedroll.com In my opinion this daily move would fall under the "noise" category, as in a previous post I noted the striking similarity between AAPL price action and a harmonic pattern that could very well take AAPL to 250 before any serious fall. See linked idea. Still money to be made both ways inside a bigger, measured move. Happy hunting and GLTA!!
