Hello everyone , as we all know the market action discounts everything :) as we all saw from the video we have multiple patterns and indicators telling us that the Apple stock is moving in a bullish way , it looks like it could be a good buy point since the price is at 133.85 , we might be looking at the price reaching the 137 range in the next few days...
Introducting something I never saw anywhere, there is 3 market states.
All the sideways trash which is some sort of limbo between phases is not interesting and falls into the 1rst category.
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1- Reversal
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In all shapes and sizes
There are all sorts of bottoms you can specialize in, usually I think chasing v shape...
For months, USDMXN has been extremely bullish, however prices started to make converging swings, forming a symmetrical triangle. Prices broke out with a lower low and restested structure with a lower high which lined up with the 50% fib level where we often look for entries. My stop loss is above the wick and target is at the 161.80& Fib extension.
