Apple Inc

AAPL: Symmetrical Triangle Breakdown with S-2 in Focus

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AAPL has now broken below a well-defined symmetrical triangle structure, as well as the ~$208 S-1 support area I’ve highlighted.

I’m watching the $194.91 zone (S-2), which served as a key support and pivot earlier this year. If price heads into that area, I’ll be looking for confirmation and stabilization before initiating a position.

If the setup aligns, I plan to trade it via Sep/Oct put sales around the $170/$175 strikes -- targeting levels I’d be comfortable owning if assigned, and collecting premium if not.

Not stepping in early here… just tracking structure, respecting price action, and planning around risk-defined entries. We’ll see how this one plays out. Stay tuned.

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