We're currently sitting at the lower boundary of a large descending channel on AAPL in the daily timeframe.
After completing what appears to be a 5-wave Elliott bearish structure, the price made a strong bullish rebound. Since then, it has been consolidating in a mid-range zone, forming an ascending triangle, which could signal a continuation of the recent bullish move.
At the current price level, we can identify two key bullish patterns:
An ascending wedge (or "púa")
An ascending triangle
Both patterns are developing around the 0.78 Fibonacci retracement level of the last major bearish impulse — a critical zone. A breakout above this level could imply structural damage to the previous downtrend and open the door to a potential long setup.
🎯 Target zone: 232.00 – 235.00
Keep an eye on volume and breakout confirmation.
After completing what appears to be a 5-wave Elliott bearish structure, the price made a strong bullish rebound. Since then, it has been consolidating in a mid-range zone, forming an ascending triangle, which could signal a continuation of the recent bullish move.
At the current price level, we can identify two key bullish patterns:
An ascending wedge (or "púa")
An ascending triangle
Both patterns are developing around the 0.78 Fibonacci retracement level of the last major bearish impulse — a critical zone. A breakout above this level could imply structural damage to the previous downtrend and open the door to a potential long setup.
🎯 Target zone: 232.00 – 235.00
Keep an eye on volume and breakout confirmation.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.