Apple looks overextended after the recent rally, showing signs of exhaustion near resistance. Price momentum is slowing, and volume confirms reduced buying pressure. I expect a short term correction as the market takes profits and sentiment cools down.
I am opening a short position with a target at 241. After that, I’ll review the situation and reassess the direction, but it’s very likely that we’ll correct deeper.
A break below the recent local lows could accelerate the move toward that level.
⚠️ Not financial advice.
I am opening a short position with a target at 241. After that, I’ll review the situation and reassess the direction, but it’s very likely that we’ll correct deeper.
A break below the recent local lows could accelerate the move toward that level.
⚠️ Not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.