Apple Inc (AAPL) is already falling and is now trading below EMA10, after breaking it with high volume.
In 2019 AAPL felt below EMA10 twice only to quickly bounce and continue with its uptrend, so what's the difference now?
The first time this happened was back on the 24th January, the second time on the 7th March, each time volume wasn't strong enough. The break we see today below EMA10 is supported by big volume which means that AAPL can continue falling.
On top of the high volume break of EMA10, we also have a very strong and nasty bearish divergence as a well as a rising wedge pattern (purple line).
All of the above signals are telling us that Apple Inc can go lower, in fact, if it breaks below EMA100 (blue line), AAPL is very likely to break below the low that was hit on the 3rd Jan.
Conditions for change: If AAPL breaks above EMA10, some of these signals become invalid. If AAPL breaks above 208.29 with good strength and volume, then the entire analysis above becomes invalidated and a new one is needed. For now, AAPL is bearish and going down.
This is not financial advice. All information here is shared for entertainment and educational purpose only, trade at your own risk.
And remember to hit like of course... If you want to.
Namaste.
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ABC Correction on the monthly time frame:
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Playing out as expected, strong drop in place, -15% from top:
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Going perfectly as charted. Thanks a lot to all those who commented and hit like, your support is truly appreciated.
I dont understand why some of my friends here love to share your charts with me lol I think it is funny I guess. I cant comprehend how someone cant hit a target lol. Your chart is already invalidated according to it. You really need to learn that some stocks trade after hours. oh boy. lol Good luck buddha. ;)
AlanSantana
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@ChartsOnTime, Thanks, love the Buddha nickname.
Take a look at the chart and hit play...
Namaste.
Ecua_Trader
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@alanmasters, congratulations. you finally hit a chart. That is definitely and achievement. considering you post so much haha. You are the funny buddha.
AlanSantana
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@ChartsOnTime, TOP!
Ecua_Trader
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@alanmasters, as if that meant anything valuable haha.
AlanSantana
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@ChartsOnTime, You are trying hard to get away from reality... It isn't working, we produce amazing results.
Take a look at our post for Cardano (ADABTC) on the main page of Trading View, results are being shared as I write this...
Namaste.
AlanSantana
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@ChartsOnTime, It means that the majority of Trading View readers agree with what we share.
Thanks a lot for the support.
Ecua_Trader
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@alanmasters, hahaha. I thought you were smarter than this, but every time you write something is increasingly more obvious you live in a little world made by you. Just to share some 400% + gains I will show you a chart I posted 50% after I bought bch. and add that to my eth positions haha. I honestly cant think of a good reason to want to be a top TA. I have so much fun making fun at all of you gurus with 100$ bitmex accounts haha. Again, you are just someone I love to make fun of because to me, you have no valuable postings. have a great day buddha. keep up the top badge, im sure it is paying you a lot of money. lol
DaddySawbucks
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Strikingly similar appearance to 2008 noted, tyvm for post!
I posted an idea along these lines recently, I noticed it was trading at 0.62 Fibo, now creeping towards the 0.786 at $213.64. Real close, expect to tap it on a blowoff meltup.
When Apple hits the Fibo will probly signal the ATH for US Equities as well. Perhaps within this week or next...?! Trade deal is baked in to these prices already, if it fails next week, will signal selloff.
I credited Hungry Hippo in this chart, great minds run in same tracks:
AlanSantana
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@DaddySawbucks, I like your chart. Thanks a lot for sharing and the comment.