Bullish | APP

Aug 6

APP

Weekly Chart | Swing and Position Setup

APP is forming a textbook inverse head and shoulders pattern, signaling a major bullish reversal on the weekly timeframe.

Structure Highlights:

1. Left Shoulder – Head – Right Shoulder confirmed
   
3. Neckline breakout with change of character (ChoCH)
   
5. Price is trending above all key moving averages (EMA 9, EMA 50, VWAP)
   
7. Bullish volume behavior: expansion on rallies, contraction on pullbacks
   

Key Levels:

• TP1: 417.89 (neckline resistance)
  
• TP2: 510.13 (measured move target)
  
• Final projection: 600+ if macro conditions align
  

Invalidation Level: Weekly close below 345

Thesis:
As long as the neckline holds, the bullish momentum remains valid. The structure is clean, technical confluence is strong, and volume confirms accumulation. This setup favors swing traders and position holders looking for high reward-to-risk entries.

Aug 9

Trade closed: target reached

TP1 hit less than 48h with 20% profit.

Sep 17

Note

TP2 Hit, and it's almost 600$

Sep 22

Note

TP3 Hit