Apple Inc
Short

AAPL - DOUBLE TOP FORMATION WITH TREND LINE BREAKOUT

346
Market Instrument: AAPL
Timeframe: Daily
Analysis: Technical
Structure: Resistance and Trend Line Breakout
Prediction: Bearish

Price is showing a breakout on the daily bullish trend line. And the resistance formed at 182 is preparing to sell off close to the key level formed around 156 with a 50-61% retracement. The daily timeframe shows that 100EMA supported the price many times during the minor corrections or retracements formed. The drop expected can revisit 100EMA once again...

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