AAPL Attempts Break Out of Near-Term P&F Pattern

All of the action off of the 560 P&F high to the 494 P&F low has the right look of a completed downleg.

All of the action off of the 494 low represents a recovery-rally period that is attempting to hurdle a multi-topped resistance band.

If Apple Inc. (AAPL) prints 508, the upside breakout will be triggered, which has the potential to propel AAPL to 520 initially, on the way to 530.

Conversely, inability of AAPL to print 508 followed by a print of 503 will trigger a column of Red Os, and a signal that AAPL probably have to loop down again to retest 500-494 again prior to embarking on a sustainable-recovery rally.

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