AAPL- has been 1 of the 5 strongest stocks leading the Nasdaq. Yet we see a sell set up. Target shown by the pink arrow, defines a target sell point for AAPL.
The Cypher projects a 78.6% retracement of Mondays sell off.
The brown dashed line shows the projected sell zone.
The Cypher projects a 78.6% retracement of Mondays sell off.
The brown dashed line shows the projected sell zone.
Comment:
D point target reached. Then(Wednesday) We bought puts. The retracement of the Cypher pattern is 38-61.8% of the C-D move. Today (Thursday)we sold the puts at the 61% retracement for a nice profit as discussed in the chat room