TimEtimiri

1h AAPL Short because trend line breaking and MACD sell signal

Short
TimEtimiri Updated   
NASDAQ:AAPL   Apple Inc
Placed a trend line because MACD showed a buy signal. Upwards trend. Price valuation is coming close and hitting trend line so MACD shows sell signal. So is likely price will drop below trend line now MACD buy signal is cancelled. Plus BB has started contracting showing sell signal.
Comment:
It would be better to see if the low currently is actually the final low. We don't know if it is yet. The stock has been making higher highs and higher lows until the last 2 lows which were equal relative to the BB. What would be smarter is to see if the low goes lower but if it does not and does not break the trend line it is safe to say may reverse and then this area would be a good place to take a long position as it isn't making lower lows relative to the BB yet or the price action. The only thing is that the MACD is sending a sell signal but this could reverse. The MACD as I have been told can signal the changing of a trend rather than a definitive sell signal so it may simply be saying this trend line will be broken or not adhered to in the future making the trend line I drew as a support not a valid support anymore. Anyways it looks as if it will maintain an uptrend regardless and a long may be more appropriate. Unfortunately, I do not know how to change my diagram or if it is even possible, but as I get more insight on trading I will always go over my trades and see if I can see new insights.
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