Blow off top after accumulation cylinder was one of Livermore’s favorite set ups for a short. Hey, I am making this post knowing that there has been no one colder in calling Apple (AAPL) than me.
I originally posted this Livermore set up on March 27 — see here.
But, if you go by Livermore’s design, AAPL is in driving to point #11, from a pint #12 rally will offer a shorting opportunity.