Price trudging upwards after a long reversal process.
It has broke the MPL(Multi-pivot line), for the pattern traders, this is the neckline of a reversed head and shoulders.
We have defined the structure for how the price will behave projecting into the future the potential resistance at wl-1 with ultimate target at ML.
Price may be shy away from the ML as defined by the light blue channel which shows a price frequency shift.
It remains to be seen if price will break above the ML which will clearly put APPLE back into positive area for a long while.
It has broke the MPL(Multi-pivot line), for the pattern traders, this is the neckline of a reversed head and shoulders.
We have defined the structure for how the price will behave projecting into the future the potential resistance at wl-1 with ultimate target at ML.
Price may be shy away from the ML as defined by the light blue channel which shows a price frequency shift.
It remains to be seen if price will break above the ML which will clearly put APPLE back into positive area for a long while.