ForexTradingIdeas

Is APPL set for a fall to $400?

Short
BATS:AAPL   Apple Inc
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2
If APPL can break below the $500 level will it then fall to $400?

Setting higher lows and corresponding new lower lows. A free fall to $400 as their is no structure between $500 to $400.

However, price is currently at the . 618 retracement level from the long up run... will it retrace 100% or will it hold? For it to hold it will need to produce new short term higher highs without any more new lower lows.

Comments

Support area HIT! Price fell to and below $400 finding support at around $383. Closing this chart.
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So far as expected. Price has fallen down to the support area.
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There is support at gap around $440
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