I showed you yesterday a 30 min positive divergence in AAPL, that's big news, but even bigger it developed in 2 days!
The bearish price pattern is there, it's very clear and the move I said I'd be looking for in AAPL has just started.
Here are the charts, really simple.
This is the consolidation//continuation pattern mentioned and I mentioned a break just below that, all technical traders are reading this the same way, bearish.
Notice anything different in the character on this 30 min chart since AAPL's top? The first leading positive divergence after the first relative positive divergence and this is a long, important timeframe.
1 min intraday we have the divergences to send AAPL below the triangle...
I'm not sure if these 2/3 min positives will hold up or not, it doesn't matter that much, a volume spike matters and the short charts going positive matter.
3 min
Keep an eye out for big red volume, that's the shorts taking the bait.
If AAPL doesn't develop this way, simple NO TRADE. However I'd say there's a good 80-85% chance.
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