Apple's recent rally has placed the stock's price back above support.
From harmonics perspective, there are at least two potential scenarios that can be recognized.
1) Bullish scenario - AAPL will continue its rally to complete a bearish Butterfly pattern (yellow)
2) Bearish scenario - AAPL will fall back below support and continue lower to complete a bullish Gartley pattern.
In order to reach to the PRZ of the Butterly pattern AAPL's price will have to overcome few structure Resistance Zones (marked as blue rectangles in the chart)
The second scenario (bearish) will remain relevant as long as AAPL's price won't climb beyond the A point.
It will get a confirmation if the price AAPL's price will drop below the 200 days MA line (bearish signal)
From harmonics perspective, there are at least two potential scenarios that can be recognized.
1) Bullish scenario - AAPL will continue its rally to complete a bearish Butterfly pattern (yellow)
2) Bearish scenario - AAPL will fall back below support and continue lower to complete a bullish Gartley pattern.
In order to reach to the PRZ of the Butterly pattern AAPL's price will have to overcome few structure Resistance Zones (marked as blue rectangles in the chart)
The second scenario (bearish) will remain relevant as long as AAPL's price won't climb beyond the A point.
It will get a confirmation if the price AAPL's price will drop below the 200 days MA line (bearish signal)