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Abu-Sushi
Jan 20, 2021 6:14 PM

Apple ( getting ready for a breakout )  

Apple Inc.NASDAQ

Description

Hello everyone this is my idea for apple on daily time frame ..
as you can see in the chart we have a Ascending triangle pattern waiting for a breakout
same time in the RSI indicator price is trading between two lines waiting for breakout ...
good R:R trade when breakout happen lets monitor price action ..

However we could have a setup and a breakout on 1 hour time frame …
to target red line as show in the chart below ..


for any question feel free to ask and good luck :)
Comments
vychod
your resistance channel was broken ! WRONG IDEA
Abu-Sushi
@vychod, if you read the detail below i already pointed that there is a bullish breakout in 1 hr time frame
MTaylor913
Good chart.

Do you think we'll fill the gap or head lower before earnings or after?
Abu-Sushi
@MTaylor913,
Thank you for the feed back :)

Anything is possible we could break red line and head higher before gap fill
that's way as a trader we shouldn't have any bias and set a plan with best entry and exist with good risk reward
Personally Gap fill would give me nice confidence for good long .. this gap remain a uncertainty for me

for any other question feel free to ask :)
MTaylor913
@Abu-Sushi, Agreed! Sounds good, thank you!
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