Apple IncShort
AAPL - Sign and Confirmation
The long upper wick of the candle is a sign of price rejection.
The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done.
And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done.
And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
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