APPLE is overall bullish trading inside the brown channel so we will be looking for Trend-Following Buy setups as (if) it approaches our lower brown trendline.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 130.0 in blue)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower brown trendline. (trend-following setup)
Zone 2: (around 150.0 in green)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 150.0 and upper brown trendline. (over-bought / over-extended area)
Unless APPLE breaks the 150.0 upward aggressively, then we will be looking for buy setups on its retest.
As per my trading style:
As APPLE approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 130.0 in blue)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower brown trendline. (trend-following setup)
Zone 2: (around 150.0 in green)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 150.0 and upper brown trendline. (over-bought / over-extended area)
Unless APPLE breaks the 150.0 upward aggressively, then we will be looking for buy setups on its retest.
As per my trading style:
As APPLE approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich