Pattern currently is Bearish Harami, which is a reversal trend, so this is a Short idea. However, read below for how this could turn bullish.
Let's only look at the technicals of the candlesticks. As of right now, AAPL is developing a bearish pattern known as a Bearish Harami, a big bullish candlestick, followed by a bearish candlestick that has both a lower high, and a higher low. This is bearish because of the previous trend (bullish), and is known as a reversal pattern. If stock closes at or above where it is now, but under its high for the day, we should have confirmation of reversal soon.
If stock closes LOWER tan previous candlestick, this could actually become a bullish pattern oddly enough, if a 'piercing pattern', known as a bearish reversal, appeared. This all depends on how low it closes of course. If it closes very low, the pattern does not work.
Either way, we would need to await confirmation by next candlestick.
Let's only look at the technicals of the candlesticks. As of right now, AAPL is developing a bearish pattern known as a Bearish Harami, a big bullish candlestick, followed by a bearish candlestick that has both a lower high, and a higher low. This is bearish because of the previous trend (bullish), and is known as a reversal pattern. If stock closes at or above where it is now, but under its high for the day, we should have confirmation of reversal soon.
If stock closes LOWER tan previous candlestick, this could actually become a bullish pattern oddly enough, if a 'piercing pattern', known as a bearish reversal, appeared. This all depends on how low it closes of course. If it closes very low, the pattern does not work.
Either way, we would need to await confirmation by next candlestick.