Wow, lots to unpack on AAPL...
#1 A big ABCD completion from Jun'2013
#2 Price action hitting the upper bound of a channel from Jul'2017. Not to mention it is a 100% extension from the Nov'2017 to Feb'2018 ABC sequence
#3 Negative MACD divergence and price action
Stops can be set slightly above the top of the near-term channel with downside targets $148 (38.2% retracement) to $137 (50% retracement). If you are an Apple lover, you could also set up a straddle in case the channel breaks on the upside and the trend accelerates into an extended CD leg (c.$196 for 138.2% extension).
#1 A big ABCD completion from Jun'2013
#2 Price action hitting the upper bound of a channel from Jul'2017. Not to mention it is a 100% extension from the Nov'2017 to Feb'2018 ABC sequence
#3 Negative MACD divergence and price action
Stops can be set slightly above the top of the near-term channel with downside targets $148 (38.2% retracement) to $137 (50% retracement). If you are an Apple lover, you could also set up a straddle in case the channel breaks on the upside and the trend accelerates into an extended CD leg (c.$196 for 138.2% extension).
Note
AAPL hitting top of the range again. Giving you another chance with the shorts.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.