Price has formed a double top formation at the all time highs, & is now forming a bigger picture head on shoulders reversal pattern. Price has now broken the double top neckline & retested with a sharp rejection, pushing price back below mirror level support. Watching for a pullback to retest broken support as new resistance for price to then make its way all the way back down to the head on shoulders neckline.
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H2: Miror level of interest
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SL reached breakeven, waiting for more price action confirmation now
@DaddySawbucks surely possible! If price breaks through the neckline at the bottom. Trade war may influence a breakout
DaddySawbucks
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@eazywayout, Yep, when it reaches h2 leg and 8220 support zone area will be closing half pos in case we get a lower high.
Stop-loss the other half and hold to see if we get a deeper leg down IMO. Next and probably final support for this move is 29-31 Oct tops at 8110 - 8130.
DaddySawbucks
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Ty for post. I see'd the same thing and shorted at 10AM. AAPL sold to beat Hell, had to roll my hedges twice!