Evaluating my position on Apple, I see in the price chart, a nice breakaway gap in the candles, a nice price recovery with a bullish engulfing pattern occurring on 24th of September. This is the day after a blowoff bottoming of price (see the large volume spike on 23rd September. Then price procedes nicely on a mini bull run. HOWEVER! Whilst the ROC indicator confirms, RSI has a slight divergence, the Chaikin Money Flow is showing underlying selling pressure for the last 4 weeks. It Looks like even though the story of appl is sweet right now, investors are nervous at these prices and the buying pressure is making way for selling pressure.
Excellent post, with very clear illumination.
Another case where divergences are clearly warning of trend change.
Chaikin Money Flow peaked on 8/28/18 with AAPL near 219.
Clear Distribution pattern forming. Big boys unloading large blocks on price rise.
Price has not deviated yet.
When it does look for key support in the 219 area.
THE_UNWIND