AlanSantana

Apple Inc (AAPL) Is Already Falling, Crash Ahead!

Short
AlanSantana Updated   
NASDAQ:AAPL   Apple Inc
Apple Inc (AAPL) is already falling and is now trading below EMA10, after breaking it with high volume.

In 2019 AAPL felt below EMA10 twice only to quickly bounce and continue with its uptrend, so what's the difference now?

The first time this happened was back on the 24th January, the second time on the 7th March, each time volume wasn't strong enough. The break we see today below EMA10 is supported by big volume which means that AAPL can continue falling.

  • On top of the high volume break of EMA10, we also have a very strong and nasty bearish divergence as a well as a rising wedge pattern (purple line).
    All of the above signals are telling us that Apple Inc can go lower, in fact, if it breaks below EMA100 (blue line), AAPL is very likely to break below the low that was hit on the 3rd Jan.

    Conditions for change: If AAPL breaks above EMA10, some of these signals become invalid. If AAPL breaks above 208.29 with good strength and volume, then the entire analysis above becomes invalidated and a new one is needed. For now, AAPL is bearish and going down.

    This is not financial advice. All information here is shared for entertainment and educational purpose only, trade at your own risk.

    And remember to hit like of course... If you want to.

    Namaste.
Comment:
ABC Correction on the monthly time frame:
Comment:
Playing out as expected, strong drop in place, -15% from top:
Comment:
Going perfectly as charted. Thanks a lot to all those who commented and hit like, your support is truly appreciated.

Namaste.

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