APPLE BREAKS ASCENDING TRIANGLE TO THE DOWNSIDE / BEARISH !
On 7/27, Apple BROKE the Ascending Triangle in place since 7/6 Open at 142.66, to the DOWNSIDE.
This confirms a Top is now in place BELOW the ALL TIME HIGH, IE a TOP below a Top, a very BEARISH development.
Distribution (Selling by Strong hands to weak late to the party Buyers) obviously was allowing Apple's run up to challenge the old high.
Now with Apple's earnings due be released on 8/1/17 @430pm, the stock has moved to the downside prior to the actual release.
Have you noticed how smart money,usually large institutional block seem to anticipate, and act PRIOR to the actual news events.
Then the public is left to read about it after the event, while big money has already acted.
Apple's chart pattern continues to build a very dangerous TOP
If earnings disappoint in a big way on 8/1/17, the chart say's PRICE is READY to Move to the DOWNSIDE !
The_Unwind
This confirms a Top is now in place BELOW the ALL TIME HIGH, IE a TOP below a Top, a very BEARISH development.
Distribution (Selling by Strong hands to weak late to the party Buyers) obviously was allowing Apple's run up to challenge the old high.
Now with Apple's earnings due be released on 8/1/17 @430pm, the stock has moved to the downside prior to the actual release.
Have you noticed how smart money,usually large institutional block seem to anticipate, and act PRIOR to the actual news events.
Then the public is left to read about it after the event, while big money has already acted.
Apple's chart pattern continues to build a very dangerous TOP
If earnings disappoint in a big way on 8/1/17, the chart say's PRICE is READY to Move to the DOWNSIDE !
The_Unwind
and is providing very positive guidance for the rest of 2017.
The stock is trading UP $7 to 157 in after-market hours.
Bearish Chart Pattern Prior to Earnings that I wrote about previously
with a Bullish Result after the Earnings is BULLISH for Apple.