AAPL, Broken Wedge Downside Move

In the last post I shared an idea of a potential wedge break. It has been confirmed today and the price action started to unfold as it was expected. You can see on the chart a projected path. Some headlines along the way made attempts to stop the downside but eventually the bluff was called :)

At this point I anticipate the action to fill that area and establish a consolidation range. Again, headlines could interrupt it but for now that's the plan.

10/8/2019