Apple is trading at overbought territory but it does not look like it’ll fall much. It has the most bullish chart of them all. It’ll take alot to make this fall. You’ll see it trade in a small range to consolidate. Puts could work at these prices but remember to switch back to long near $167.50-170. $AAPL
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Chart says all. Pattern from August 2020, now making same insane run. The 1.62 Fibo extension from September correction is at 4720.
Do not short based on:
"I think the price is too high!"
"It's overbought, must come down!"
"How can it get any higher?! Already nosebleed!"
"I feel lucky!"
Short on signal; the engulfing bear candle after blowup. IF it follows...
RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG.
Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover.
Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey...
If you sell short or speculate in put options because:
- Price too high! Must come down!
- RSI Overbought! Must go oversold!
- Another ATH?! Sell it! Will dump soon!
- It's an Elliott Wave and Theory crafters say "Sell today!" or "Sell on a specific day I magically forecast!"
-I feel lucky, punk! Make my day!
Then you will lose money.
IF this monster rally...
Just an idea. Every correction has been a zig-zag since 2015.
Last year the zag came in late October. Cycle this year seems to lag a week behind. Time bars suggest this rally maybe near end move.
Not saying that gap at 360 will fill, just that it might fill, it's a price magnet TBS. Price could consolidate and pivot again anywhere between.
Some kind of pullback...
We are at the minimum entry for this pattern i'd like to wait for a 1.414 before i get in heavier but for now i'll short Half of what i want to short just incase it runs away from me and dumps now at the 1.272 as the RSI is mildly overbought at the moment and ETH can turn bearish very soon from here.
Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc.
A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction,...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 24, 2021 with a closing price of...
RSI not mad overbought yet, IMO gonna see it get stupid like Feb 2020. After that, then the big break.
5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!
Looks just like it did in May and June before the mini-bears. MFI + RSI both peaking. Stupid new ATH. Can it get higher?! OFC!
Closed out my SPY 465 October vertical 465/480 spreads by buying the short legs back for a $1K credit in early trade; I held the long 480 calls and re-entered today at the ATH, now short 20 October 462s and 50 October 467s for a net...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 25, 2021 with a closing price of...
Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe).
There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!
Hello traders and investors!!😄👋
Let's see if Cardano falls after reaching a new ATH very recently.
If we see the fall, I have points set up that I am expecting ADA to reach in the range of.
This is a short technical-analysis👇👇.
Fundamentally, Cardano (ADA) is a very strong blockchain network.
In the event that we go up for another ATH, I have bull target...
Six of my algorithms signaled a SELL on April 13, 2021 for TPR on the 2 Hour charts. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. Since the signal occurred at the open, the continued upward movement appears to have already hit the mark. This could mean it does not move higher until it find my projected...
