We just see a retracement of the long decline since January. As this is a downtrend already and we are holding below the EMA we can consider this as a retracement.
This consideration is supported by the 65 % Fibonacci level from where the retracement started.
When we take into account that we've got a double top which are the July and December 2023 highs we can...
The Chinese smartphone market, a crucial battleground for tech giants, is witnessing a significant shift. According to research firm Counterpoint, Apple has experienced a concerning 19.1% decline in iPhone sales during the first quarter of 2024. This slump comes in stark contrast to the impressive 69.7% surge in smartphone sales enjoyed by China's own Huawei over...
APPL: short and long
-Breakout of strong support: key level and demand zone.
-Backtest and maybe reject, drop to next support.
-Low demand zone below support
-ABCD pattern.
Price have taken out the 165$ support from october 2023.
Price is reacting bullish so far with a lower timeframe breakout from a sideways channel.
Risk is 0.25% since i cant risk beeing involved in a oversized gap down due to FTMO daily drawdown rule.
Tradeplan: If price starts a new uptrend. I will use ongoing technical analysis to buy more IF i am correct...
The break of the downtrend line only illustrates what the interpretation of the fibo clouds predicts: downward momentum
Fibo clouds lined up against the price trend and their multi-timeframe compression suggests selling pressure towards the targets
The price of APPLE will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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NASDAQ:AAPL Apple's price is currently trading below 20 and 50 EMAs at weekly temporality but overall price action seems bullish.
Although there was a rejection at the 50 EMA in a false breakout of the falling wedge and the price is again inside the pattern it remains above EMA 200 that holds the lower limit of the long term channel.
It also looks like an...
Apple has in the past six years had very strong reversals from oversold RSI on the weekly timeframe. The last four since 2020 were as such:
Feb 20 - Mar 20
82 > 54 > 100 (85% return low to high)
Jan 22 - May 22
182 > 128 > 175 (40% low to high)
Aug 22 - Jan 23
177 > 123 > 199 (61% low to high)
Dec 23 - ???
197 > 165 > ???
We have last shown a strong...
After the close of April 17, 2024, NASDAQ:AAPL is at the weekly low since March 2024 (the yellow horizontal line) and even since October 2023 (the white horizontal line).
There is one last weekly session which is April 18 to see if NASDAQ:AAPL can rebound from this long-term support.
IF it will close below this important support, the symmetrical pattern...
The markdown phase refers to a period in the stock market when prices of securities decline after a prolonged downtrend or consolidation. During this phase, sellers outnumber buyers, causing prices to decrease. Investors may sell off their holdings due to pessimism or loss of confidence in the market, leading to further downward pressure on prices. In the markdown...
POTENTIAL HARMONIC PATTERN 5-0
pls note there is an error in the measurment not exceeding 1% for B and C
B should be from 1.128 to 1.618
C should be from 1.618 to 2.240
Apple is still doing a 3-wave correction from Dec 2021. Last Thursday's 4+% gain showed 5 waves but I believe it is the C leg of an ABC correction from March, as shown in the daily chart. Such a strong move as day one from the bottom is typical for a "short squeeze" or a "bear market rally" because Apple has been down a lot already from the top. A true bottom...
The orange zone is a sort of black box so to speak, I don't know what's going on there.
When price comes out one end I can have a good chance it will go that way until the next zone, at which point it might bounce, pierce, go through etc, black box again.
Go to a lower timeframe when price is in a direction area, and only take trades with that bias, using your...
I still believe AAPL goes significantly lower despite dead cat bounces. Current we are at cloud resistance and other overhead resistance, we tested the $168 support many times, next time it should break to the downside to test $162 and $154
Price creates symmetrical concentric waves of motion as it moves through time. Where price rises, it must also fall. This is the true with everything. You cannot dig a hole without simultaneously building a hill.
