Pattern Overview ($AAPL )

📉 Pattern Type:

Falling Wedge + Potential Reversal / Double Bottom Setup

🔹 Details:

1. Downtrend & Compression (June 6–9):

   • AAPL was making lower highs and lower lows.

   • The candlesticks formed a falling wedge shape (converging trend lines), typically bullish if volume confirms.

2. Support Level:

   • Strong bounce near the $200.00 level — marked with a tail on the candle.

   • This forms a double bottom near $200, suggesting buyers are defending that area.

3. Breakout Attempt (June 10):

   • The current candle shows a bullish move trying to break above the alligator moving averages.

   • Volume increased during the bounce, which supports the idea of a reversal.

✅ Bullish Signs:

• Rejection of lows (wicks show buyers stepping in)

• Volume spike on green candles

• Possible breakout from falling wedge

• Holding above psychological support at $200

⚠️ To Watch:

• Needs a clean breakout over $204 (previous highs + blue “Jaw” line of the Alligator indicator)

• Continued volume confirmation

• Rejection at current levels could lead to a sideways consolidation