AAPL Teases, Finally Breaks Down

AAPL formed a descending triangle this morning. It looked as if it had fallen through the floor and was about to head lower, but then it turned and bounced back above the line of support - what a tease. This is what is called a bear trap. If you're playing breakouts/breakdowns, you need to watch out for these. About 30 minutes later AAPL reached the tip of the death triangle and finally broke below support.

Later in the day, AAPL formed yet another death triangle - coincidentally the sloped portion of the triangle was formed using the exact same line as the morning death triangle.