AAPL: Is it over for this year?

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AAPL experienced a daily breakdown from a rising wedge with strong volume, indicating significant selling pressure from institutional investors. Both RSI and MACD show robust negative divergences, suggesting a lack of momentum in the recent price surge. For the bullish scenario, AAPL must return to the triangle pattern and continue its upward trajectory.

On the bearish side, today's confirmation with CPI data could trigger a major drop in AAPL's price, with a potential target in the 175-177 range.

Considering the weekly chart (see below), AAPL is rising on smaller volume and hasn't reached the upper trend line, indicating relative weakness compared to the daily chart. As the weekly chart holds more significance due to its longer time frame, there's a higher probability (70%) of a substantial drop rather than a return to the triangle pattern.

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On the weekly chart, it looks even weaker than on the daily, with very powerful bearish divergences on both RSI and MACD. The fact that it wasn't able to reach the upper trend line indicates no more strength in this upward movement.

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At resistance! Can AAPL break and fly well above 200 or it will turn sharply down and fall apart after it breaks from the pattern??!!

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If closes like this, I'll enter a short position right away at the close. This looks like a shooting star reversal pattern at the top of the pattern and at the top of the trendline.

Damn bearish as hell