Apple (AAPL): Price Nears Critical Supply Zone at All-Time Highs

Apple’s chart is currently showing signs of caution as the price climbs into a significant supply area. Both the weekly and daily timeframes highlight strong supply zones that traders should carefully observe.

Weekly Supply Zone

• On the weekly chart, Apple is approaching a very strong supply zone
• The supply area coincides with all-time highs, making it even more significant.
  

🔎 Daily Supply Zone Confluence 🔎
The daily chart adds further weight to this setup:

• The current daily supply zone is nested inside the weekly supply zone.
  
• This supply zone is powerful because its follow-through candle not only rejected higher prices but also broke the uptrend trendline.
  
• In simple terms, this supply zone has already shown its strength once by shifting the trend from up to down.The fact that this zone caused a trend change earlier makes it a major obstacle for bulls.
  
• Now that price is revisiting this zone again, it signals a possible area for profit booking.
  
• With Apple near its all-time highs and supply confluence in place, risk-reward favors caution.
  

🎯 Trading Perspective
Traders should keep an eye on this zone, Consider booking profits as price approaches this heavy supply area.

“Strong supply zones often act like brick walls — they don’t break easily without significant force.”

⚡ At these levels, patience and discipline are key — don’t let greed take over when charts are signaling caution. 📉🍏
💡 Trading is not about catching every move — it’s about protecting capital and letting opportunities come to you. 🚀📊