Good setup for a drop of over 10% in AAPL AAPL trades on a pending bullish butterfly. Although this is by default a bullish pattern the failure of a bullish butterfly almost always leads to capitulation to the following fibs.
The local action we have on AAPL is not typically what we see in the low of a bullish reversal which makes me inclined to speculate on a sharp drop on the failure of the bull pattern.
