Hello everyone, if you like the idea, do not forget to support with a like and follow.
APPLE is overall bullish trading inside this big brown channel and it is currently sitting around the lower trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: APPLE is forming a trendline in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray zone)
Until the buy is activated, APPLE would be overall bearish and can still trade lower and lower. In this case, we will be looking for buy setups as it approaches the lower blue support around 100.0
Good luck!
~Rich
APPLE is overall bullish trading inside this big brown channel and it is currently sitting around the lower trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: APPLE is forming a trendline in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray zone)
Until the buy is activated, APPLE would be overall bearish and can still trade lower and lower. In this case, we will be looking for buy setups as it approaches the lower blue support around 100.0
Good luck!
~Rich