The_Cannalyst

Can APPLE now break the shortterm - downtrend?

Long
The_Cannalyst Updated   
NASDAQ:AAPL   Apple Inc
41
If APPLE could trade above 97.5$, a shortterm buy Signal with tp 100.5 $ appears. The other Targets / ways are shown in my Chart. The Targets of my former Analysis are still valid.

Former analysis: Short again? The BIG SHORTSIGNAL tarries. The in my former analysis exspected big shortsignal did not occur. First, it seemed as the shortsignal will be activated - two days later we saw, that this was just a false breakout - a bear trap! From then on Apple0.77% jumped up to his 0,5 fibo retracement and tried to close the still open gap. But Apple0.77% did not beat and close the gap, Apple0.77% was sold again.
As long AAPL0.77% is trading below the GAP`s bottom edge, i exspect a further weak performance. The chart will only be brighten if APPL0.00%% could beat the last High at 112$! or shortterm: The shortterm will brighten, if APPL0.00%% could beat the last High at 100.5$, than there is the possibility that APPL0.00%% could test the downtrends upper edge at 106.5$ My former analysis`s are still valid.

Downmove faster than a speedy bullet
The decision was made! Faster than exspected, Apple-1.51% crashed and converges to the Pivot Support Level at 93$. Could Apple-1.51% not defend this Level, a further downmove till 60$ could be exspected.

At the actual Level, 2 different trades can be made.
1: Midterm short trade with Stoppsell @ 90-91$, SL 108 and TP 60$!
2. Tripple-Bottom-Fishing: Entry Now, SL between 87-92, TP 110$

My former apple-Analysis showed some different sights - they are still valid:
APPLE0.77% - READY FOR TAKEOFF???
The decision was made! Faster than exspected, Apple-1.51% crashed and converges to the Pivot Support Level at 93$. Could Apple-1.51% not defend this Level, a further downmove till 60$ could be exspected.

At the actual Level, 2 different trades can be made.
1: Midterm short trade with Stoppsell @ 90-91$, SL 108 and TP 60$!
2. Tripple-Bottom-Fishing: Entry Now, SL between 87-92, TP 110$

My former apple-Analysis showed some different sights - they arestill valid:
APPLE0.77% - READY FOR TAKEOFF???
The longterm trend is still full intact. Now Apple-1.51% has reached it s Pivot Level - the falling trendline @ 111.5$. Here is based the SMA 200 - this SMA could be seen as a resistance as well as a buy-trigger.

At this Level, several trades can be made:

1. Trying to catch the next downwave with a shortterm Short Position for those who don`t believe in higher Prices:
- Entry would be at the actual Price @ 110 , SL 115$ TP1 93$ If we see this Szenario, athe next short trade can be made:
2. Midterm short trade with Stoppsell @ 90-91$, SL 108 and TP 60$!
3 For those who believe in higher Prices, a shortterm Long Position with StopBuy near above the SMA 200 , SL near below the SMA and first TP would be the last High @ 123.5$.
4. The next procyclical Long Position could be opened with SB0.00% at 124-125 with SL 115 and TP 133
5. The Big strategic longterm-Long Position can be made with Prices above the Alltimehigh at round abpout 135$ with SL 122 and TP 160

Comment:
gap filled, reached tp1 - now we have reached a decision/action point - we are trading direct at the trendline!
Comment:
fighting against the downtrend! That`s an Action point!
Comment:
Comment:
wow
Trade closed: target reached:
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