We wake up with the news that Warren Buffet has sold a grand part of his $APPLE shares. Looking at the graph, the price has "casually" printed several bearish patterns and divergences, and it's currently potentially reacting to the 0.709 fibo of the bearish pullback, in order to look... lower prices?
A double top with bearish divergence is a very strong bear signal, I guess bulls will let the price go lower until around 152-155 usd that is a high demand zone and where the Weekly EMA 200 passes through.
Let's see how it goes.
Curious fact: Warrent Buffet sold almost 30% of his $APPLE shares since the start of the year. The price did the second top on December 2023, so Warren did a perfect move from a trader technical point of view.
A double top with bearish divergence is a very strong bear signal, I guess bulls will let the price go lower until around 152-155 usd that is a high demand zone and where the Weekly EMA 200 passes through.
Let's see how it goes.
Curious fact: Warrent Buffet sold almost 30% of his $APPLE shares since the start of the year. The price did the second top on December 2023, so Warren did a perfect move from a trader technical point of view.