AAPL has broken out the mid-term triangle consolidation
AAPL After broken out the mid-term triangle consolidation which started to form from 25th Jan 2021, it seems exhausting and closed with a bearish engulfing candle at 24th Jun 2021, therefore retracement is expected.
Take note of the potential retesting at the edge of the triangle pattern which is at around 131~132 level. After re-testing, if a strong re-bounce drives the price break out 134.64, it will be a strong buy signal, and the price might possibly reach 157 based on measurement of triangle breakout.
However, If no re-bounce after re-testing, the price maybe further retrace the bottom of the triangle consolidation, and the breakout is indeed a false breakout.
Good luck!
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