AAPL tested the rising daily 200EMA twice and recovered the daily pivot, showing bulls in control locally. The structure is ambiguous as there is only 1 higher-high and lower-low so far. The triangle structure could also be forming a flat correction, which would be expected to have a push slightly below wave (a), completing wave 4, before pressing to new ATHs. Price is in a major resistance HVN, which is expected to be tested 3+ times before breaking.📈 Daily RSI printed a bullish divergence, and price reacted strongly
👉 Triangle Analysis is invalidated if price breaks above wave (B), suggesting ATH incoming. While a pop below © and (A) keeps the bearish trend alive with a downside target of $238 at the 0.382 Fibs.
Safe trading
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.