Looks to me that AAPL (Apple Inc) is likely to put in one last thrust higher following today’s AH earnings report, either reversing at the top of the current rising wedge pattern (orange scenario) or possible extending the wedge (white scenario), either of which will likely terminate with a divergent high followed by a trend reversal. I wouldn’t bet (go long) on a post-earnings pop as the R/R is very poor with limited upside potential compared to the downside risk but will be closely monitoring the price action in AAPL over the next few days.
AAPL daily May 2nd