Apple has recently formed a well-structured ABCDE corrective pattern inside a broader sideways range, suggesting accumulation and possible trend continuation on breakout.
Technical Breakdown:
🔸 ABCDE Formation: The structure resembles a contracting triangle or bullish consolidation, marked by higher lows (A, C, E) and lower highs (B, D), signaling price compression.
🔼 Breakout Zone: Price has moved above point (D) briefly and is now consolidating around the $214 zone. A strong close above this could lead to continuation toward the $237 and $260 resistance levels.
🔻 Support Levels:
Minor support at $207.45
Strong base support near $193.44 (ABC low)
📈 Volume Spike: The most recent leg from E to D showed a significant volume surge, indicating possible institutional interest or breakout anticipation.
🔍 Trade Outlook:
A sustained move above $217–$218 with volume could trigger a bullish breakout.
Targets:
First: $237.33 (recent horizontal resistance)
Next: $260.15 (gap-fill or prior high zone)
Risk Management: A drop below $207 would invalidate the structure and suggest further range-bound behavior or downside.
⚠️ Disclaimer: This chart is for educational purposes only. We are sharing a trade setup based on technical signals generated by our private invite-only indicator. This is not financial advice or a recommendation to buy or sell any financial instrument.
📊 The indicator highlights potential buy/sell zones based on a custom strategy developed by our team. In this chart, we are demonstrating how the signal aligned with market structure and trend conditions.
🛑 Regulatory Note: We are an independent development team. Our private indicator and services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Technical Breakdown:
🔸 ABCDE Formation: The structure resembles a contracting triangle or bullish consolidation, marked by higher lows (A, C, E) and lower highs (B, D), signaling price compression.
🔼 Breakout Zone: Price has moved above point (D) briefly and is now consolidating around the $214 zone. A strong close above this could lead to continuation toward the $237 and $260 resistance levels.
🔻 Support Levels:
Minor support at $207.45
Strong base support near $193.44 (ABC low)
📈 Volume Spike: The most recent leg from E to D showed a significant volume surge, indicating possible institutional interest or breakout anticipation.
🔍 Trade Outlook:
A sustained move above $217–$218 with volume could trigger a bullish breakout.
Targets:
First: $237.33 (recent horizontal resistance)
Next: $260.15 (gap-fill or prior high zone)
Risk Management: A drop below $207 would invalidate the structure and suggest further range-bound behavior or downside.
⚠️ Disclaimer: This chart is for educational purposes only. We are sharing a trade setup based on technical signals generated by our private invite-only indicator. This is not financial advice or a recommendation to buy or sell any financial instrument.
📊 The indicator highlights potential buy/sell zones based on a custom strategy developed by our team. In this chart, we are demonstrating how the signal aligned with market structure and trend conditions.
🛑 Regulatory Note: We are an independent development team. Our private indicator and services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, and ProChart Signals 5 Min” – Invite-only scripts. Access available via profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, and ProChart Signals 5 Min” – Invite-only scripts. Access available via profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.