Double Bottom Pattern on the Hourly Chart for Apple.
Resistance: $162
Price Target of Pattern: $169.50
If it breaks the resistance, I expect a retest to confirm support, then a push back to $169.50
There is also moderate resistance around $167.50 (129MA is at $167.40)
The Fed meeting tomorrow will also pay a role in the overall trend of the market.
Resistance: $162
Price Target of Pattern: $169.50
If it breaks the resistance, I expect a retest to confirm support, then a push back to $169.50
There is also moderate resistance around $167.50 (129MA is at $167.40)
The Fed meeting tomorrow will also pay a role in the overall trend of the market.
Message me if you have any requests regarding a particular stock or crypto. I''d be happy to share my thoughts / analysis.
It's now trading in a symmetrical triangle, you can find that trade set up on my most recent post.