DLavrov
Short

Apple - The Bearish Divergence

NASDAQ:AAPL   APPLE INC
Look at the market when the price reached the top at 230.00 level. The price formed a bearish divergence with RSI and MACD . After a breakout below the uptrend line, the market continued the downward movement. The same pattern we have now. The market gives us a new bearish divergence. The local uptrend line was broken and it allows us to think about shorting. The price will be able to start a new downward movement with targets at SMA50, SMA100 or the support levels.

For confirmation the upward movement the price will have to break 200.00 resistance level . Will buyers have the power for such breakout? We will see. Indicators tell us about the possible downward movement more than about the breakout and the continuation of the uptrend.
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Great work, once again! I was just reading a interesting article, where the author used Apple for his examples, lol. Your work comes like deja vu right after that :https://www.tradingsitereviews.com/day-trading/why-a-traditional-trade-analysis-approach-doesnt-work-for-cryptocurrency/
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DLavrov cryptozwerg
@cryptozwerg, thanks for your comment! I will read it)
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