Apple, Trend reversal confirmed. Its time to SAVE PROFITS !
Trend reversal eventually happened.
A trade below 131.30 which was the last low confirmed the trend reversal in Apple. I warned in my publication on 9 Apr titled " Apple to resume bearish trend" that apple will face problems with 0.618 and 0.786 Fibo Retracemnet resistances and now it came true.
Although that wave count may need some updates , Apple's last high(137.07) at least remains for several days.
Also note the nice divergence at the top between price and stochastic indicator which is a strong warning for a strong decline.
My recommendation:
If you still doubt about apple's trend reversal , use Multi Unit Trade Strategy and save some profits. you will not regret.
Good luck !
A trade below 131.30 which was the last low confirmed the trend reversal in Apple. I warned in my publication on 9 Apr titled " Apple to resume bearish trend" that apple will face problems with 0.618 and 0.786 Fibo Retracemnet resistances and now it came true.
Although that wave count may need some updates , Apple's last high(137.07) at least remains for several days.
Also note the nice divergence at the top between price and stochastic indicator which is a strong warning for a strong decline.
My recommendation:
If you still doubt about apple's trend reversal , use Multi Unit Trade Strategy and save some profits. you will not regret.
Good luck !
Comment:
This is my first publication on AAPL when it was bullish:
This wave count may need updates. I will update if necessary.
Comment:
Now it is very easy for every one to publish idea with "short" flag.
It is important to be prepared in advance!
Check my publication on Apr 9th (and the updates ) when it was strong bullish.
It is important to be prepared in advance!
Check my publication on Apr 9th (and the updates ) when it was strong bullish.
Comment:
AAPL lost the short term ascending trend line connecting 116.21 and 118.86 lows. In case of a trade below 118.86 completion of wave B will be confirmed.
