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Two years ago the “Power of the Pattern” pointed out that Apple was hitting a 30-year channel/resistance line at (1). A few months later, the largest company in the world was worth around 30% less.
Now Apple is hitting a parallel channel line at (2) in the chart above. Could a double top be in play too???
I suspect most feel “it will be different this time!” Stay tuned, this could get interesting for both bulls and bears!