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basictradingtv
May 22, 2023 6:58 PM

Apple -> Leading The Rally Long

Apple Inc.NASDAQ

Description

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Apple stock is approaching a quite obvious previous weekly resistance zone at the $180 level which is now turned resistance again.
You can also see that over market structure is still massively bullish, I am also definitely expecting new all-time-highs on Apple so I am now just waiting for a short term rejection and then I do expect more continuation towards the upside.

On the daily timeframe you can see that Apple stock is still creating bullish market structure with the recent break and retest of the $175 level, so there is still no sign of Apple slowing down, so I will just wait for a short term correction before I then do expect more continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
Comments
TradingShot
Not the most familiar approach you take, but it was nice to see how you think through the publication. Thanks for your work, absolutely supportive!
basictradingtv
@TradingShot, thanks a lot!
TradingBrokersView
Have to admit this is a tough setup to trade. Have you considered a back-up plan in case this one doesn't work out?
basictradingtv
@TradingBrokersView, yes, thanks!
TheCryptagon
Very accurate pattern. Keep up enriching our community.
basictradingtv
@TheCryptagon, excellent!
InvestingScope
Keep up the good work! Thanks for sharing!
basictradingtv
ShawnMCR
Clear ideas with good reasons, appreciate it! 💎
basictradingtv
@ShawnMCR, thanks a lot!
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