AAPL: Ascending-Wedge-Formation, Bearish Pullback Possible!Apple Inc.BATS:AAPLVincePrinceHello Community, welcome to my new analysis of AAPL on the weekly timeframe perspective. In my recent analysis, I have spotted crucial signs within AAPL that could lead to a major market turn. Especially in the current market phase, a bearish breakdown could lead to further bearish triggers and accelerated bearish selling pressure to the downside. In this case, I have detected all the important factors to consider now. When looking at my chart, we can see how AAPL is forming this gigantic, crucial ascending wedge formation. Within this wedge, AAPL has already formed several pullbacks to the downside, indicating a higher pullback and acceleration to the downside is very likely. A pullback below the lower boundary will complete the formation and activate further bearish selling pressure. Once the whole formation has been completed and AAPL is pointing into the bearish direction it will activate the lower target zones as seen in my chart. At the moment, AAPL is also fundamentally bearish as it is cutting new production. Once the final target area has been reached, it could also be possible that AAPL continues further bearishly to the downside when the increased momentum holds on. In this manner, thank you a lot for watching! Support is highly appreciated. VP