AAPL still looks structurally heavy on the daily.The first bearish delivery already completed into the January target, but the rebound that followed did not repair the chart. Instead, price pushed into WCL, failed to build real continuation higher, and formed a fresh bearish A-B-C sequence with B capped near 275.
That puts the focus on the current retrace.
Right now, this bounce looks more corrective than impulsive. Price is pushing back into the BC area, which is exactly where I want to see whether sellers step back in. As long as AAPL stays below that reclaim zone, and especially below the March B high, the bearish sequence remains valid.
What matters now:
- 260–266 is the immediate decision area
- A rejection there keeps 245 in play first
- If bearish continuation expands properly, the larger draw sits near 228, where projected C meets the higher-timeframe WCL zone
- A daily close back above 275 would seriously weaken this bearish idea
So for now, I’m not reading this move as bullish strength. I’m reading it as a retest inside a still-active bearish sequence.
Bias stays bearish unless price proves otherwise.
Not financial advice.
Trade closed: stop reached
B breached. Sequence invalidated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.