Market Instrument: AAPL
Timeframe: Daily
Analysis: Technical
Structure: Resistance and Trend Line Breakout
Prediction: Bearish
Price is showing a breakout on the daily bullish trend line. And the resistance formed at 182 is preparing to sell off close to the key level formed around 156 with a 50-61% retracement. The daily timeframe shows that 100EMA supported the price many times during the minor corrections or retracements formed. The drop expected can revisit 100EMA once again...
Timeframe: Daily
Analysis: Technical
Structure: Resistance and Trend Line Breakout
Prediction: Bearish
Price is showing a breakout on the daily bullish trend line. And the resistance formed at 182 is preparing to sell off close to the key level formed around 156 with a 50-61% retracement. The daily timeframe shows that 100EMA supported the price many times during the minor corrections or retracements formed. The drop expected can revisit 100EMA once again...