AAPL has rallied significantly, but as price moved higher, the range began to tighten inside a Rising Wedge. This suggests the uptrend is still present, but buying pressure is no longer as strong as it was before. Price is now back near the lower boundary of the pattern, making this an important decision area.

What I want to see here is not just a small pullback, but a real breakdown. If AAPL closes clearly below wedge support and then retests the broken area without reclaiming it, that would suggest sellers are starting to take control of the structure. In that case, a deeper move toward 260 would become much more reasonable.

On the other hand, if the lower boundary continues to hold and price rebounds strongly back inside the pattern, the bearish setup would remain unconfirmed. Buyers could still have room to push price back toward the highs before the market gives a clearer signal.

For this setup, I would not sell simply because price is testing support. Breakdown first, retest second, then consider the trade. The key is to let the market confirm the move instead of trying to predict it too early.

🎯 Downside Target: 260

No breakdown, no trade.