AAPL Ascending Triangle Breakout Reversed at The 1.618 Fibonacci
A retrospective look at the breakout and the targets that were hit. The bull run continued all the way to the 1.618 fibonacci and then reversed.
Kommentar:
This is a predictive fibonacci extension, not a retracement. It is based on the length between A and B and could've been drawn before the breakout of the triangle occurred, perhaps after the pullback from D.