CLICK ON CHART TO ENLARGE
The above 2 charts on Apple may look a good deal different, yet the look to be sending a similar message!
The left chart is a “Linear” chart of Apple over the past 10-years, reflecting that an “Eiffel Tower” pattern looks to be in place. The message from this pattern….If you see the left side of the Eiffel tower pattern, you often end up seeing the right side too!
The right chart is a “Log” chart of Apple over the past 30-Years, reflecting that a 30-year resistance line looks to have stopped Apple’s rally back in September. At the same time a multi-year bearish rising wedge looks to be breaking down at (2).
The patterns and messages from Apple don’t appear to be bullish at this time and could well impact the broad market, especially the tech sector.