Even though AAPL has hit a new Lower-Low, AAPL did recover and Hit a new Higher-High which is a bearish sign, I'll be placing a position on long, stop loss on the last Higher-Low and Stop loss right below the Resistance level.
Does anyone disagree? Please comment if you do!
Does anyone disagree? Please comment if you do!
Comment:
I meant that i'll place my Take Profit below the Resistance Level*
Trade closed: target reached:
This far, my predictions were right. I'll close my position rn, Still kinda a pussy when it comes to trading.
The price right now is at 200.10, I was expecting the price to increase to 210.00 but for a first analysis post, I'm pretty happy with the results.
The price right now is at 200.10, I was expecting the price to increase to 210.00 but for a first analysis post, I'm pretty happy with the results.
Comment:
Someone recently asked me what the lines meant so I guess I'll explain what I meant if you didn't understand, The green line is a new Higher-High which has turned into a new support level. The red line is the possible Resistance level and the marked area before is the area I marked as the Lower-Low which is at the time (i forgot to remove it before posting) was the Stop-loss before I saw the The New Support level (Green line).