Apple had a uptrend late 2019 to early 2020, and then it followed with a big pivot. The stock continued to rise after that in a channel. Then there was a runaway gap, which is a continuation gap. The stock was then followed in a descending triangle which is neutral. This is a make or break moment. Because this is a consolidation pattern, and it can rise after this, or reverse the trend.
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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.