AAPL: Possible reversal pattern? Some scenarios to work with.

24 ก.พ. 2022

Hello traders and investors! Yesterday, AAPL hit our target and it filled the gap we mentioned in our last study. Now, what to expect next?

Now that the markets crashed, we have some interesting key points to watch. In the 1h chart, AAPL is recovering nicely, and if it fills the last gap at $ 159.75, this will confirm an Exhaustion Gap, and that might be the first sign of a possible reversal in the future.

However, it is important to stress that for confirmation sake, it would be good to see AAPL doing a clear bullish chart pattern in the 1h chart, and so far, we have none, so the trend is still bearish.



If AAPL closes above the black line at $ 157.17 in the daily chart, it’ll be another good sign. Today’s candlestick is quite powerful, and despite the drop, some might see it as a risky buy. I won’t judge, since I understand, but again, I would wait for more confirmation in the 1h chart. Without any other meaningful bullish sign all we can assume is that AAPL is seeking the $ 147 again.

But, where would be the target if AAPL truly reverses? Look back at the 1h chart, and pay attention to the last 3 open gaps (yellow squares). I see AAPL filling all of them, triggering the Gap Reverse Ritual pattern (yes, I invented that name, as no one else did).

The Gap Reversal Ritual never failed me, and the last time we saw it was on NVDA, and I did a public analysis about it (link below, if you are curious).

This pattern is quite hard to work with, but if you nail the right timing, it might give you great returns. I’ll keep you updated on this, so remember to follow me to keep in touch.