Apple, Inc (NASDAQ:AAPL) was trading about 1.7% lower on Tuesday in sympathy with the S&P 500, which was retracing about 0.7%. Apple’s decline was taking place completely within Monday’s price action, which has caused the stock to develop inside bar patterns on the daily chart.
An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend.
