📊Apple Inc 23%-45% Drop (385 Days Bear Market Potential)

2023년 9월 8일

The last time AAPL printed this pattern, this type of price action, it went on a correction that latest for 386 days and a -32% drop.

We have a negative and very strong bearish candlestick pattern, the shooting star, showing up 17-July. This is followed by a lower high and bearish MACD.

We have a 3 years long bearish divergence with the MACD and RSI.

The ATH this year is technically a double top with the high Dec. 2021. This means that instead of just a "small correction", ~30% as happened before, we can have a very strong crash. That is because the market is weak, the bullish trend overextended, the stock overbought for quite a while; some people call it "easy money pump".

Anyway, a massive crash is of high probability next year.

The best possible scenario would be a 20% correction.
A normal bear market would result in 38% to 45% drop.

The bear market correction can be fast and steep as an alternation to the long drawn-out one in the past.

This is hard to guess here but what is certain is the major crash that is coming, based on this chart.

It is like seeing Bitcoin producing a low in June 2022 and a weak lower low in November 2022. The fact that the lower low in November was quite weak works as a bullish and reversal signal. In the same way, the fact that the higher high here is very weak works as a bearish and reversal signal.

The new All-Time High this year for the AAPL stock is not a new fib. level nor new important resistance, it is basically a double top. A double top means the rally has been exhausted which in turn means that the trend will turn.

This can be seen as biased coming from me but I see money flowing from the traditional markets to Cryptocurrencies, based on this chart and the SPX. I might be biased, but this chart is calling for a major crash...

Namaste.