aapl ( #apple ) short from 103.64 after we get a good price action
lost major support at 92.50 and 90. closed below it this past week. fib level near 85s. looking to test there. jun 85 puts good
Analysis Combination: Monthly - Weekly - Daily Monthly: Downtrend, but inside a non-fresh monthly demand, so no short till demand zone is gone. Weekly: Downtrend, if potential WK supply zone removes opposing WK demand zone, which is also the Monthly demand zone. We should find entry on daily to go short. Daily: Downtrend, Low in the curve.
Stochastic has not been at this level since 09 & 2013
Strong support, expect to fill the gap. (Short term)
SHOULD RALLY THIS WEEK TO>95 IN RED4, THEN SELLING SHOULD RESUME TO COMPLETE RED5 OF (Y)WAVE TO ~85,THEN WILL PROBABLY START ANOTHER (X)WAVE RALLY - WE SHOULD EVENTUALLY SELL DOWN TO (Z),THE PREVIOUS WAVE (4) LEVEL OF ~$56 !! RETRACEMENTS USUALLY GO DOWN TO THE LEVEL OF THE LESSER DEGREE WAVE(4) , ALSO PRIMARY REDWAVE II WOULD BE AT THE FIBONACCI 61.8% RETRACE OF...
Apple seems channeling into a sort of descending wedge. Based on oversold condition and with the price reaching the support area it could be a profitable trade with a long position. Look for William %R and EMA crossover confermation. Possible bullish divergence if the price hits the trendline.
Last week's earnings report sent AAPL to the bottom of the triangle. It's been hovering down there this week. The $92 level is key. Although if that cracks, we still have the long term trend line dating back to 2009 that would provide support near $88. If clearing that is sustained, it could get messy. Alternatively, we may see some sideways action which...
EDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say, 1) observe the gap 2) We assume the spike down in Sep is anomalous 3) Downward price target of H&S is the distanceof the neckline to head 4) NEckline retest confirms the pattern People will laugh at you if you say $75 as a price target for AAPL. But there...
Latest example of charts. you have a complex h/s within a longer term H/S currently at Neck line. I would NOT be ing this right now nor would i be holding as a h/s can be the most aggressive of bearish moves possible. #GLTA
it seems that 5-waves impulsive phase is about to over and need some kind of correction. break of horizontal line ( or break of 2-4 trend line) is a trigger for short setup. but its a corrective phase and is riskier than other setups, so if you are not a risk taker, or if you don't have a clear strategy for trading corrections, don't take the trade. note the divergence.
Hi there! Last large impulse up is underway. Target 1 = 0.618 of waves 1-3 = 141 Target 2 = 100% of waves 1-3 = 171 Best!
AAPL cleared two hurdles today - it closed over both the 200 day moving average as well as a resistance line that has been capping the stock starting in July 2015. We've had a recent false breakout over the 200 day average before (November 3-4 2015) so we will have to give this a couple of days to make sure it's for real. Also, the stock didn't close over the...
NASDAQ:AAPL Correction or trend continuation? Where to buy Apple? Safe Trade; open.spotify.com
HTTPS://WWW.TRADINGVIEW.COM/CHART/1WJGJLSC/ Bearish on AAPL, Trendline Resistance, and previous gap ups to fill if you're a believer in gap fills. Think this long bullish uptrend needs a little breathing room.