Apple – Worst Case Scenario

Apple just confirmed at least a short-term top in style. Simultaneous bearish confirmations on the daily and 2-day frames, supported by strong signals on the 3-day frame and even some larger time frames, now demand a focused update. In the weekly report, I noted that Apple must hold the $280.90 level, or the mid-term outlook would need to be reconsidered. After today’s move, that level is now only about 6% away, which could become a 1-2 day move for a stock of this size. In this Apple technical analysis update, we examine AAPL from multiple angles, including candles, momentum, structure, and key support levels, to assess the potential worst-case scenario. At this point, it is time to be equipped with knowledge before the market forces the answer. CANDLES Today, Apple confirmed short-term tops on the daily and 2D frames while forming a very strong Bearish Engulfing on the 3D frame….