$AAPL daily shows a channel down (validated by mid-line support at several points). However, after the completion of the H&S, a falling wedge is taking shape, with the former neckline of the H&S now acting as resistance (red). Should the wedge break to the upside and fill the gap, look for a target near 110. The last two months has also formed what could potentially be an ascending triangle (shown in green) as range for the falling wedge tightens.
Yorum:
Gap filled. Now testing that upper channel extreme.