I did an analysis video 2 weeks ago (video linked below) explaining why price was going to continue to come down and build liquidity before proving sell-side tapering and then activating a strong buying algorithm to start moving up.
That level I identified was $174-175. Today I'm updating you with a new more tapered algorithm that could be in the cards today if...
Welcome to a world of visual options trading.
Stop trading options blindly.
In this tutorial I am going to explain the following using the "call option buy or sell indicator":
1. What each line means to your option P&L.
Blue line = 3 points of profit.
Light Green line = 2 points of profit.
Dark Green line = 1 point of profit.
Yellow line = ...
You can clearly see our tapered buying continuation purple (newly introduced to this chart). This is what is guiding price right now and will most likely be where price wants to go:
This is for 2 reasons:
1. We still need to prove sell-side tapering away from teal by showing orange support.
2. That orange support and retest lines up perfectly with our purple...
On the monthly time frame, #AAPL exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, a base formation becomes evident. Specifically, we observe a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation.
As we continue analyzing the shorter...
This is as straight forward of my teachings as it gets - you can clearly see what needs to happen in order for us to attempt all time highs - and that begins with a retest and break of our teal strong selling algo, preferably lining up with a $187 break (strong liquidity levels and many bears present).
You can trade this intraday fairly easily using yellow strong...
174 will be a huge level for buyers to kick in and activate the stronger buying algorithms needed to take us out of our current teal and orange selling channels. As we've seen in the past, this $174 level has brought in tons of buyers and kicked off our previous move to ATH's.
In addition, more immediately we have the $180 level that is old-resistance turned...
This one is pretty simple to keep an eye out for - before going long we want to see confirmed tapering on the sell-side and see buyers then activate strong buying continuation as we've seen in prior breakouts.
Happy Trading :)
Hello Traders, welcome to today's analysis of Apple.
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Explanation of my video analysis:
Starting all the way back in 2010, Apple created its first major higher timeframe break and retest. For many years we saw the same pattern on Apple stock which was simply a trendline rejection and a horizontal break and retest. With the recent breakout and retest I...
An outlook on Apple for the short term and long term outlook. As well as Macro Outlook on Stock. How will January play out. Will that give us a good read on the rest of 2024. How should we navigate the 1st and 2nd half of the year
Apple is very oversold and relatively weak compared to MSFT.
Are we about to see a rotation trade take place?
MSFT is looking vulnerable while Apple is looking like a dead cat bounce play.
Options trading offers tremendous opportunities,
but it's important to navigate the challenges wisely.
By acquiring knowledge, developing discipline,
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and implementing risk management strategies, you
can unlock the potential for long-term success in the
world of options trading.
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Benefits of Overcoming the Challenges in Options Trading
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Increased...
This is my detailed analysis of AAPL and it is a strong Sell for the following reasons:
1. End of multiple wave 5s.
2. Triple Fibonacci targets reached.
3. Wave 4 as a triangle confirmed the 1 year move up as the last wave.
Hey everyone!
In this video, we discuss why trading journals are important, talk about how to avoid common pitfalls in using them, and go over the keys to implementing one successfully in your own trading.
Over time, a well-crafted trading journal can actually help you make money, while building out the most important skill you can acquire as a trader: pattern...
Microsoft has recently exhibited a bullish trend, punctuated by a decisive breakthrough of minor horizontal resistance. The current momentum suggests an upward trajectory, with the next pivotal resistance level positioned vertically on the chart. It is imperative to note that, before any potential significant correction materializes, the market is anticipated to...
Markets have had an extraordinary move to the upside with 8 days of consecutive gains and 9 days in the QQQ.
Semiconductors often lead the market and have now hit major resistance.
Microsoft has almost completed its bullish move.
