All the important elements of a head and shoulders pattern are evident on the Apple Daily.
1. An existing up trend
2. Breaking of that trend
3. Decreasing volume at each of the peaks
4. A clearly defined neckline
5. Breaking of the neckline.
A bounce off the broken neckline lower would confirm the pattern.
It's difficult to go short in an otherwise bull market. I'd sit this one out.
AAPL
1. An existing up trend
2. Breaking of that trend
3. Decreasing volume at each of the peaks
4. A clearly defined neckline
5. Breaking of the neckline.
A bounce off the broken neckline lower would confirm the pattern.
It's difficult to go short in an otherwise bull market. I'd sit this one out.
AAPL