Why a bearish pattern on AAPL ? ;p because I have stopped buying their products. (just kidding)
Spotted a Bearish Bat on Apple Inc. Would like to see a reaction at the 117.00 levels.
Also RSI moving up to the oversold levels, risk reward of 2.3x
Spotted a Bearish Bat on Apple Inc. Would like to see a reaction at the 117.00 levels.
Also RSI moving up to the oversold levels, risk reward of 2.3x
Trade active:
Although it is not really a perfect time to take a trade close to the holiday season, but a pattern is a pattern. My short was triggered at 117.20 last night.
Stops at 119.20 but I will be watching this. A warning sign to exit will be if the price continues to bash above the PRZ. This current moment, the 117.20 looks respected.
Merry Christmas to all.
Stops at 119.20 but I will be watching this. A warning sign to exit will be if the price continues to bash above the PRZ. This current moment, the 117.20 looks respected.
Merry Christmas to all.
Trade active:
Thou price has not moved much, I am liking the behaviour. Price respecting the PRZ and forming a rising wedge pattern (bearish reversal). Maybe it is just the holiday season.
Trade active:
Hope that this is the start of the new leg down. Moved stops to $118.20
Trade closed: stop reached:
Trade closed last night at my tightened SL of $118.20
Saved about $1 of losses as the original SL of $119.20 was also hit.
Saved about $1 of losses as the original SL of $119.20 was also hit.