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PatStale
May 28, 2014 7:20 AM

Taking a bite out of the Apple Short

Apple Inc.NASDAQ

Description

Could apple be in for a correction over the summer?

signs to watch out for:
- reversal of stoch RSI
- RSI reversal in the overbought area
- price movement in the confluence zone (Fib retracements price projections) 635/640

The harmonic pattern helps with trade confidence.

If the setup is validated in a few weeks: Target1 should be around the 525 area
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