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AAPL is starting to show some signs of weakness, and given XLK's overall importance to the larger US Equities market, this spells trouble. This has the potential to continue higher but the risk right now looks like it's to the downside. Given how extended momentum names are in this market, one should tread carefully with their long positions, especially highly cyclical ones as the virus continues to spread.
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Hey guys! Didn't realize this got put on the front page. Shameless plug; follow me for some more charts and ideas! I post sometimes, lol
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@tv1jpsby2019, search for "Heikin Ashi" indicator as indicated on the chart, then next to the symbol-box click the timeframe, go to bottom and "add" 2-day
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@crown_city_capital, any specific reason for the 2 day? Just your usual go to?
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@hep182, it acts as a smoothing agent + cuts out a lot of noise in the markets
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@tv1jpsby2019, it is just Heiking Ashi candles you can change from default chart . i have posted few ideas using HA and other good indicators
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@tv1jpsby2019, Change your chart to Heikin Ashi. Then adjust your timeframe to two days. It's really that easy. Just use the toolbar located at the top of your chart. 😁
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As soon as we see the first red "Heikin Ashi" candle, you know that everything has an end and even an "Apple" will fall down, as Sir Isaac Newton noticed hundreds of years ago
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