Apple Inc

AAPL Short-term analysis | Trading and expectations

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AAPL tested the rising daily 200EMA twice and recovered the daily pivot, showing bulls in control locally. The structure is ambiguous as there is only 1 higher-high and lower-low so far. The triangle structure could also be forming a flat correction, which would be expected to have a push slightly below wave (a), completing wave 4, before pressing to new ATHs. Price is in a major resistance HVN, which is expected to be tested 3+ times before breaking.

📈 Daily RSI printed a bullish divergence, and price reacted strongly

👉 Triangle Analysis is invalidated if price breaks above wave (B), suggesting ATH incoming. While a pop below © and (A) keeps the bearish trend alive with a downside target of $238 at the 0.382 Fibs.

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