Apple reached the top of the 4 month Channel Up and got rejected.
That is a Higher High rejection and inside this pattern, the minimum decline during such rejections has been -3.25%.
As a result this is still a good short opportunity. A -3.25% decline gives a target of 188.50.
By that time, the 4hour MA50 may come to support again.
If that's inside the RSI's Support Zone, then all the better.
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That is a Higher High rejection and inside this pattern, the minimum decline during such rejections has been -3.25%.
As a result this is still a good short opportunity. A -3.25% decline gives a target of 188.50.
By that time, the 4hour MA50 may come to support again.
If that's inside the RSI's Support Zone, then all the better.
Follow us, like the idea and leave a comment below!!
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.