Apple Inc
Long
Updated

Ascending triangle pattern on daily?

164
An ascending triangle is forming on the daily chart, resistance at ~211 USD, indicating that selling momentum is diminishing. Although there may be some further downside, recent economic pressures are leading to a healthy correction towards a long-term support trend that dates back to 2019. With some positive economic tailwinds, Apple could potentially offer good returns from this buying point.
Trade closed: stop reached
Pattern broken by tariff news.
Note
Pattern could still be valid but with adjusted lower limits.

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