Hello traders and investors! Let’s see how Apple is doing today!
The hourly chart suggests the formation of a H&S chart pattern, but it is losing strength as Apple is going up today, and as long as it keeps trading above the 21 ema, the trend will remain bullish in the short-term, and the next target to it is the $ 118.76.
But if AAPL loses the 21 ema, probably we will see a retest of the neckline (black line at $ 112.85), which is a very important price zone for Apple. Also, it is the same point Apple filled the gap (blue area). If Apple loses these points, it will just seek for further supports, and the daily chart may offer us more clues:
If Apple triggers the H&S in the hourly chart, it will also lose the 21 ema in the daily chart, going into bear territory. There are no supports other than the $ 104-105 zone (black line), and this could be an interesting target to work with, in case Apple starts a bearish trend next.
But the H&S wasn’t triggered yet, and so far, all I can tell is that it is going to hit the $ 118 again. And if you liked this idea, please, support it! And follow me to keep in touch with my daily analyses.
Let’s see how AAPL will behave next.
Trade well.
The hourly chart suggests the formation of a H&S chart pattern, but it is losing strength as Apple is going up today, and as long as it keeps trading above the 21 ema, the trend will remain bullish in the short-term, and the next target to it is the $ 118.76.
But if AAPL loses the 21 ema, probably we will see a retest of the neckline (black line at $ 112.85), which is a very important price zone for Apple. Also, it is the same point Apple filled the gap (blue area). If Apple loses these points, it will just seek for further supports, and the daily chart may offer us more clues:
If Apple triggers the H&S in the hourly chart, it will also lose the 21 ema in the daily chart, going into bear territory. There are no supports other than the $ 104-105 zone (black line), and this could be an interesting target to work with, in case Apple starts a bearish trend next.
But the H&S wasn’t triggered yet, and so far, all I can tell is that it is going to hit the $ 118 again. And if you liked this idea, please, support it! And follow me to keep in touch with my daily analyses.
Let’s see how AAPL will behave next.
Trade well.
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.