Facts & Fibonacci

On July 31st, Apple had its largest single day thrust (energy) lower since late 2020.

Since then, it’s been a Fibonacci 21-Days to now, this past Friday.

As the chart shows, a bearish wedge has been formed, giving the appearance AAPL may be near the end of its corrective move.

Fundamentals

For those interested in fundamentals, APPL’s current valuation(s), we can thank our ‘commentor’ at this link.

Apple AAPL, Daily

If AAPL posts a new daily low at the next session, the bearish wedge may be complete (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279