AresTrades

$APPL 172$ and 168$ available targets for bears

NASDAQ:AAPL   Apple Inc
$APPL on daily rejected tenkan aggressively at $188 but there might be another retest of it as a resistant confirmation.

On weekly, tenkan support at 172$ ( fib retrace 0.5)and kijun is sitting at 168$ ( fib retrace 0.6) as for why these targets.

Fib Guppy is also tightening (6 levels) and a weekly close below the guppy will signal high volatility towards the bear targets.



A patient short swing will be a profitable one.

@AresTrade

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.