AppLovin: Confluence Points Toward a Trend ContinuationAppLovin Corp. Class ABATS:APPBLK_TradingAfter a sharp correction from the June highs, AppLovin appears to be rebuilding a constructive technical structure on the weekly timeframe. Rather than relying on a single pattern or indicator, this bullish thesis is based on multiple pieces of technical and fundamental confluence. What I am seeing: ✅ Long-term rising channel still intact ✅ Successful defence of the channel support around the low $400s ✅ Descending trendline broken ✅ Higher low established after the shakeout ✅ Weekly momentum turning from deeply negative toward positive (but has not yet entered a full expansion phase) ✅ Large symmetrical triangle is dominant - a multi-month descending trendline (orange) compressing against a multi-year rising support (orange below) That's a large symmetrical triangle ✅ 20-week MA regained ✅ Potential inverse Head & Shoulders interpretation becoming possible - The measured move from the potential Inverse Head & Shoulders aligns closely with the upper boundary of the long-term rising channel ✅ Fib levels providing intermediate objectives ✅ AI sector fundamentals still supportive over the medium term ✅ Earnings call on 5th Aug could be a catalyst and provide another leg higher, if AppLovin again beats revenue and EPS expectations I'd become less bullish if: - price loses the rising channel support - breaks below the recent higher low - or fails to hold above reclaimed resistance after earnings The growing confluence across trend, momentum, structure and fundamentals suggests the longer-term bullish thesis remains intact. This is simply my technical interpretation and not financial advice.