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Monday, December 02, 2024 10:20:38 AM
By: Peter DiCarlo | December 1, 2024
• $AAPL has been in a months-long compression phase, forming equal highs at a key liquidity zone.
Each sell-off has been met with higher lows, signaling bullish compression. This is a classic setup where price consolidates before breaking out into higher highs.
While the ideal entry would have been at market buyers’ support, the weekly BX Trender confirmation suggests price is gearing up for a breakout.
With December approaching—a historically strong month—it appears Apple is preparing for a move higher.
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