$AAPL Apple Stock Chart – Bullish or Bearish Pattern?

Latest quote: (AAPL: 567.77 +8.20%)

What do you see here:

head-and-shoulders (bearish)…

… or a falling wedge (bullish)?

I’m leaning towards the Head-and-Shoulders, because an ideal falling wedge would form after a downtrend. Falling wedge is a reversal pattern, and it’s the final drop before the bottom, with ever lower volatility producing smaller spikes, so this doesn’t qualify.

Anyway, I would never-ever bet on AAPL one way, and I think the best way to play this is a straddle. It’s a volatile stock, a straddle should produce good results, most of the time.