AAPL continues to trade in ~$3.00 Range since 13 AUG - largely mirroring the SPY/QQQ price action (Correlation).
Multiple Supply Zone tests since 13 AUG has resulted in price retreating back to ~50% of the trading range.
Shorts are protecting pretty aggressively (Supply Zone) and multiple tests have failed.
Expect an aggressive breakout if AAPL breaches the top portion of the supply zone (shorts covering) followed by an aggressive push to fill the gap from 10 AUG.
*Not financial advice.
Multiple Supply Zone tests since 13 AUG has resulted in price retreating back to ~50% of the trading range.
Shorts are protecting pretty aggressively (Supply Zone) and multiple tests have failed.
Expect an aggressive breakout if AAPL breaches the top portion of the supply zone (shorts covering) followed by an aggressive push to fill the gap from 10 AUG.
*Not financial advice.
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X: @AuctionFoundry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Auction Foundry — see the auction more clearly. Educational tools; not investment advice.
Discord support: discord.gg/df6XEnyGC6
Website: auction-foundry.io
Instagram: instagram.com/AuctionFoundry
X: @AuctionFoundry
Discord support: discord.gg/df6XEnyGC6
Website: auction-foundry.io
Instagram: instagram.com/AuctionFoundry
X: @AuctionFoundry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.