Hello everyone this is my apple idea on daily time frame ..
On my analysis I am trying to make things very simple with good entry and exist ..
We can see price is trading between red line and green line ..
Green line held as support many time as shown in the chart …
And red line is being a roof resistance … my expectation
Price is about to break out in a direction I will talk about my entry and exist .. for best R:R
Bull thesis ( buying )
I wanna be a buyer from green line to target red line .. stop loss daily candle close below green line
I wanna buy if price close above red line to target 160 .. as long as red line hold as support meaning no daily candle close below red line
Bear thesis ( selling )
I wanna sell from red line to target green line .. stop loss daily candle close above red line
I wanna sell if price close below green line to target Gap below .. as long as green line hold as resistance .. meaning no daily candle close above
RSI can help us with good hint indicator .. price is trading between red and green line … if a breach happen trend can change
for any question feel free to ask :) good luck
On my analysis I am trying to make things very simple with good entry and exist ..
We can see price is trading between red line and green line ..
Green line held as support many time as shown in the chart …
And red line is being a roof resistance … my expectation
Price is about to break out in a direction I will talk about my entry and exist .. for best R:R
Bull thesis ( buying )
I wanna be a buyer from green line to target red line .. stop loss daily candle close below green line
I wanna buy if price close above red line to target 160 .. as long as red line hold as support meaning no daily candle close below red line
Bear thesis ( selling )
I wanna sell from red line to target green line .. stop loss daily candle close above red line
I wanna sell if price close below green line to target Gap below .. as long as green line hold as resistance .. meaning no daily candle close above
RSI can help us with good hint indicator .. price is trading between red and green line … if a breach happen trend can change
for any question feel free to ask :) good luck