AAPL
had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in March 2022 but faced a strong buying pressure at 150 level. Buyers jumped in and took the price back above the trendline. Price ended up making lower high which shows weakness in bullish momentum. Price reversed strongly and broke down below long term trendline support which indicates trend reversal. AAPL is forming Butterfly and Bat harmonic PRZ pattern and it just got activated last week when the price closed below the neckline(B level). Based on XABCD harmonic rules, the price would come down to level D(Price Reversal Zone) and reverse from there(somewhere between 123 and 126).
AAPL was also in a ttmsqueeze on a weekly timeframe and is just getting out of it, so momentum could be seen for few weeks.
