Hello traders and investors! Let’s study AAPL today! Let’s start our complete Multi Time Frame Analysis (MTFA) by looking at the hourly chart.
First, Apple triggered a bearish pivot when it lost the red line at $ 127, and it did a Breakaway Gap, under the 21 ema in the same day. This was the first sign of a sharper pullback on bigger time frames, like the daily chart, which we will talk about in a minute.
What an asset does after it triggers a bearish pivot? It will seek further supports, like the purple line at $ 123.84, and now it seems it is aiming for the gap at $ 118.39.These are the targets for AAPL, and it won’t change unless we see a good reaction tomorrow, or next week.
Now, let’s see the daily chart:
The good news is that if AAPL is going to react, now it’s a good time, because we are near the 21 ema. If a reaction occurs, and Apple closes above this purple line at $ 123.84, the bears will have a hard time.
But, if we don’t see a good reaction, the next targets are the gap we already discussed, along with the previous top at $ 114.41.
The volatility increased a lot recently, but the bias is still bullish for AAPL, at least as long it keeps above the 21 ema. But let’s face it, the weekly chart is too stretched that we could see an even sharper pullback ahead:
We are far from the 21 ema, and the last 2 week’s candles are quite bearish. Either way, Apple is giving us some signs that it is losing its strength, but I’ll keep saying: Since it is a bullish trend, pullbacks are opportunities to buy or buy more/again.
The question is, a pullback to what point? To fill one of its gaps? To one of its supports? Or to the 21 ema in the weekly chart? Nobody knows, and the best thing we can do is to react properly to the market. Therefore, I invite you to follow me to keep in touch with my analyses! And support this idea if you found it interesting!
First, Apple triggered a bearish pivot when it lost the red line at $ 127, and it did a Breakaway Gap, under the 21 ema in the same day. This was the first sign of a sharper pullback on bigger time frames, like the daily chart, which we will talk about in a minute.
What an asset does after it triggers a bearish pivot? It will seek further supports, like the purple line at $ 123.84, and now it seems it is aiming for the gap at $ 118.39.These are the targets for AAPL, and it won’t change unless we see a good reaction tomorrow, or next week.
Now, let’s see the daily chart:
The good news is that if AAPL is going to react, now it’s a good time, because we are near the 21 ema. If a reaction occurs, and Apple closes above this purple line at $ 123.84, the bears will have a hard time.
But, if we don’t see a good reaction, the next targets are the gap we already discussed, along with the previous top at $ 114.41.
The volatility increased a lot recently, but the bias is still bullish for AAPL, at least as long it keeps above the 21 ema. But let’s face it, the weekly chart is too stretched that we could see an even sharper pullback ahead:
We are far from the 21 ema, and the last 2 week’s candles are quite bearish. Either way, Apple is giving us some signs that it is losing its strength, but I’ll keep saying: Since it is a bullish trend, pullbacks are opportunities to buy or buy more/again.
The question is, a pullback to what point? To fill one of its gaps? To one of its supports? Or to the 21 ema in the weekly chart? Nobody knows, and the best thing we can do is to react properly to the market. Therefore, I invite you to follow me to keep in touch with my analyses! And support this idea if you found it interesting!
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
