Apple (AAPL) Ultra-Bearish (Months Long Correction Confirmed)We have the same signal here on this APPL chart as with other major stocks and indexes. We have a major high in July 2024 and a confirmed lower high in September; this signals the confirmation of the bearish-trend and now the continuation of the bearish move.
This bearish move will last longer than July, likely, because more space needs to be covered, that is, prices are likely to move much lower and thus it can take longer unless we get a major flash crash.
The bearish signals are clear, classic and simple. Let's review them:
1) Rising bearish volume. The biggest volume bars are red and this can be clearly seen on the chart. 3-May, 21-June and 20-September. This reveals selling pressure.
2) The lower high just mentioned is the most revealing signal. Volume is the supporting signal.
3) Moving average. This is another supporting signal. Prices are now moving daily below EMA8, EMA13, EMA21 and EMA34.
The main support range is mapped on the chart. These are high probability targets.
This correction can last between 3-6 weeks, in the best of cases.
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