wallstreetsharks
Short

AAPL Post Earnings Bearish Trade Setup

NASDAQ:AAPL   Apple Inc
AAPL’s gapped up post earnings and we are heading into the wave ii resistance zone . We have a fib. cluster of 61.8% , 100% and 127.2% retracement from the 103.5- 105 level.

Wave 3 Short Target 161.8% fib. extension with a Risk/Reward Ratio of 8.48

Important, move stops to break even if AAPL             drops to $100 level
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