Price action wise.
Weekly Timeframe- we can see we're now coming out of the Weekly uptrend phase 2 with buying returning last week.
Daily Timeframe - Price is currently around the level of 127.00 and as it stand price is failing to create a lower Low. if price continues higher and breaks 127.00 it will not only break formation which can indicate the higher timeframe move, but as price gets above that level, it will confirm buying.
4HR - Our lower timeframes are now cycling with Higher Highs and Higher lows, a trend formation we associate An Uptrend with. Our lower timeframes cycle a lot more frequently thus can show us the market direction quicker then our higher Timeframes.
Objective - I want price Above 127.00 to show me conviction from The buyers. As soon as I get my higher timeframe direction, I will then use my lower timeframes to find my Intraday entries.
Fundamentally - we're in that seasonally period where Apple does look to gain in value. Tie that along side the NAS100 index looking to gain value in the month of April, it will help the Tech sector which apple is apart of rise in price.
Weekly Timeframe- we can see we're now coming out of the Weekly uptrend phase 2 with buying returning last week.
Daily Timeframe - Price is currently around the level of 127.00 and as it stand price is failing to create a lower Low. if price continues higher and breaks 127.00 it will not only break formation which can indicate the higher timeframe move, but as price gets above that level, it will confirm buying.
4HR - Our lower timeframes are now cycling with Higher Highs and Higher lows, a trend formation we associate An Uptrend with. Our lower timeframes cycle a lot more frequently thus can show us the market direction quicker then our higher Timeframes.
Objective - I want price Above 127.00 to show me conviction from The buyers. As soon as I get my higher timeframe direction, I will then use my lower timeframes to find my Intraday entries.
Fundamentally - we're in that seasonally period where Apple does look to gain in value. Tie that along side the NAS100 index looking to gain value in the month of April, it will help the Tech sector which apple is apart of rise in price.