Apple - The Path For 2025 Is Clear!

Apple (AAPL) is reversing towards the downside

Click chart above to see the detailed analysis👆🏻

Over the past couple of months Apple rallied more than +50% without showing any weakness on the smaller timeframes. Some profit taking is totally expected and with market structure perfectly aligning, this could develop into a significant correction.

Levels to watch: $250, $200

Keep your long term vision,
Philip (BasicTrading)

Trade active

Trading update on Apple (AAPL):

Click chart above to see the detailed analysis👆🏻

Here we go now, finally seeing the expected rejection at the channel top with a candle of -7% so far in January. It is even more likely that this will turn into a significant top formation with a potential retest of the previous all time highs. Overall however, the bullish uptrend remains intact.

Levels to watch: $250, $200

Keep your long term vision,
Philip (BasicTrading)

Trade closed: target reached

Trading update on Apple (AAPL):

Click chart above to see the detailed analysis👆🏻

Although the entire stock market is heading for new all time highs, Apple is struggling to keep up with the rally and has actually been dropping -12% over the past couple of days. This short setup was simply expected and within the next couple of weeks, we will see a retest of the support level.

Levels to watch: $200

Keep your long term vision,
Philip (BasicTrading)

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Keep your long term vision.

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