The breaking of the purple channel pushes the price down. The formation of a red channel is another sign of the strength of the sellers. The third sign is the increase in volume within the red resistance range.
in return The center line of the green channel, which is orange, has usually been strong, and the Trend Magic line has sometimes been a good support line The lower shadow of the one-hour candlestick was large when hitting the resistance of the red descending channel These are also signs of the power of buyers.
But the power of buyers seems to be less than that of sellers because the signs of the body are weaker.
We can wait a little longer until everything is clear, but in this case we may lose a lot of profits!
Apple stock prices will probably go yellow. The range of $ 100 to $ 103 is good to buy, but people who want to take the risk to buy the stock cheaper and of course they may not be able to buy! They can wait until Apple shares hit the bottom of the green channel!
Also, if during the first 2 or 3 days of next week and the price manages to break the red downward channel upwards or the price manages to return completely to the purple channel, it is a good time to buy!
Personally, I find the yellow route more probable. But for more investments, I am waiting for the market to determine its path better and more!
yellow route is a ~50% retrace. It's never done a retrace like this twice within 52 weeks. I'm saying highly doubtful unless there's a down limit crash from spike in yields. Might* go bear market for a day, but the price to book and it's last quarter will keep this thing moving higher. Too strong of a quarter. They're in a super cycle. Waiting for $95 PT might be a mistake. It's on sale right now. Tomorrow is a brand new day. Been selling off for weeks now. LONG here at this double bottom
AliSignals
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@jaredfrench,
I'm proud to read your comment
In my analysis, I will carefully review your trading tip.
In fact, a candle with a very strong low shadow and a large trading volume was another sign of buyers power that I did not mention in my analysis. I mean the candle that hit Trend Magic and then went up!