Is Aapl going to drop?

B.N.F
2023-07-10

Apple has always been bullish all this while

Based on the chart, what looks like the head and shoulder pattern has been formed .

 recently, Tesla went through a correction to $241 range after this pattern was spotted. 


What Is a Head and Shoulders Chart Pattern in Technical Analysis?

A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.

The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.

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The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.


Still Aapl Is still considered to be a good pick as iPhone 15 is releasing soon. Thread carefully

* this is not a financial advice  always do your own due diligence

Source

https://www.investopedia.com/terms/h/head-shoulders.asp

Modified in.2023-07-10
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • NateSMsec007
    2023-07-10
    NateSMsec007
    it's just a pull back it's still gonna go up I believe I can fly, I believe I can touch the sky as will Apple sky's the limit!!
  • what2buy
    2023-07-11
    what2buy
    Time to short..
  • xhxhxh
    2023-07-11
    xhxhxh
    nice
  • Lamborghini1
    2023-07-10
    Lamborghini1
    👍
  • WG1
    2023-07-10
    WG1
    ok
  • Yezhi1
    2023-07-10
    Yezhi1
    ok
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