The first two of three red down arrows mark times price touched, exceeded and then fell back below the top parallel channel trend line. The third touch is happening this week and the expectation from the pattern is for price to now fall below the top parallel trend line, currently about $285. AAPL Weekly AAPL Daily Initial Support @ $265 As of Friday AM, AAPL is trading right around $280. We will be buying the Jan 2026 $275P, if and only if, AAPL is trading below $285 into Friday's close. More cautious traders (oxymoron?) can buy March expiration.
