AAPL Long — $AAPL pulling back into Apr gap shelf with bullish 2Apple Inc.NASDAQ:AAPLmnktrdSetup: On the 4h chart AAPL rallied hard from the ~245 March lows through late April, peaking near 285 on May 1 with an enormous volume spike (the largest bar on the chart). The stock is now in a controlled 2-3 bar pullback off that high, with the last 4h bar closing near 276-277 — back into the breakout shelf area from the Apr 17-20 gap zone (~267-274). The 1h chart shows the May 1 gap-up candle followed by a steady distribution down to ~276, with today's bar (5.4M shares, largest recent volume) suggesting a potential absorption low forming at this demand shelf. Flow: Options flow is constructively bullish on net — call/put premium ratio is 6.4:1 and the largest single trades are 2000-contract blocks in the 280C (May 8 and May 11). Bullish delta imbalance is positive at ~34K. Bernstein raised the PT to $350 citing a generational market share opportunity, yet price is only -0.94% today — sellers appear to be fading a macro hedge rather than a fundamental deterioration. The context note about hedge fund deleveraging dominating near-term price action is the key risk, but call flow concentration at 280 strike implies institutional expectation of a recovery above that level within days. Plan: Stop sits below the Apr 20 gap fill / demand shelf — a close beneath that level means the pullback has become a full retracement of the impulse leg and the thesis is wrong. Target is the re-test of the prior swing high near 284-285, which is the natural measured move back to the May 1 peak and aligns with the heavy open interest strike at 285. Factory Orders in 10 minutes is a near-term risk — the short TTL acknowledges that and entry should be allowed to fill before the number hits; if price runs away, cancel. 📍 Entry: 276.81 🛑 Stop: 273.50 🎯 Target: 284.00 ⚖️ R:R: 2.17