xjo weekend zoomba lounge, page-38

Hi Commy,

I've recently been featuring Apple because of its importance to the market.

In previous posts I've pointed out the sloppy H/n/S formation - I just didn't think it necessary to point it out once again.

H/n/S can be tricky events - usually reliable but not necessarily.

The final break points often occur when the chart is very oversold - and that's the case now. So there's always the potential for a break upwards.

The fact that today's breakdown came from a short term bear flag suggests the break has validity.

But - it still needs to get below that low of 2 October.

I wouldn't be surprised to see Apple up on Monday to test that horizontal support/resistance line. A failure there - and it's probably all over, red rover. But - there are no certainties in the market.

Redbacka