TheSignalyst

APPLE - Falling From The Tree!

Short
NASDAQ:AAPL   Apple Inc
Hello everyone, if you like the idea, do not forget to support with a like and follow.

APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend.

on H1: APPLE is forming a symmetrical triangle ( pennant ) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing low to form around it to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area (the entire structure) to sell.

When the sell is activated, a downward movement would be expected equal to the previous impulse.

and until the sell is activated, this one would be overall bullish and can still break the upper red trendline and test the all-time-high again before falling.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

Telegram Free Channel for Alerts:
https://t.me/thesignalyst

Youtube Channel:
https://youtube.com/c/thesignalyst?sub_confirmation=1

Instagram:
https://instagram.com/richthesignalyst

Comments

If you zoom out to the bigger picture chart this is just the handle of the cup. We are about to head back to all time highs now that the handle is complete
+7 Reply
TheSignalyst ntaylor360
@ntaylor360 thank you
Reply
SuperQueen ntaylor360
@ntaylor360, i agree . its going up . NOT DOWN
Reply
Lol it just broke up
+3 Reply
TheSignalyst Trader_ph
@Trader_ph yes 👌 then the sell is invalidated
+1 Reply
Well you were 100% wrong
+2 Reply
TheSignalyst MikeJoseph
@MikeJoseph, no trigger, read the description
Reply
usmccop MikeJoseph
@MikeJoseph ok. That was funny.
Reply
msabbagh MikeJoseph
@MikeJoseph @MikeJoseph hi. Do u still think he is wrong?
Reply
MikeJoseph msabbagh
@msabbagh, he was 100% wrong yes. The price broke to the upside of his triangle, and is still higher than his entry point, if he opened a short he'd be out of the money AND would have wasted days of trading that allocated capital due to holding a short OOM.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out