Momentum divergence up in price could be initiated, just as part of an abcde correction more than a change of direction in 1,2,3,4,5,
APPL resist well last week on Pivot zone around 127, good hammer on thursday, on friday doing higher low and high, however still weak for a reversal, wait for a divergence on RSI + break of downtrend resistance line as in price as RSI will strengthen reversal. By other side If Pivot zone resistance is break , H&S will be confirmed , then next target could be...
Is this kinda monster H&S be activated tomorrow? if yes, next target around 700 over pivot support / Fibo 38.2, but EMA 50 should be batted first. Other point of view could be a triple top, with the same target.
Looks intraday invites to Long position, no divergences on RSI, good volume and momentum last week, also Shortage in supply could get prices increase