The recent move has been aggressive, with price breaking above the previous high and continuing to expand higher. Fundamentally, the rally has been supported by renewed optimism around Apple's AI strategy, its ability to monetize its massive device ecosystem, and the broader shift in sentiment toward Apple's relatively capital-light approach to AI.
But from a daily timeframe perspective, I am not interested in blindly shorting Apple simply because price has gone up a lot.
The trend is bullish. Price is making new highs, and until the structure actually gives me a reason to look for a reversal, I have no reason to force a short.
For me, Apple would need to form my Premium Short Model.
The setup I want to see is:
M formation → bearish displacement → retracement into an Order Block and FVG → final expansion lower.
In other words, I want price to first show me that buyers are losing control. A simple rejection from the high is not enough.
I want to see the M-shaped structure form, followed by a clear bearish displacement. Then, if price retraces back into the relevant OB/FVG, that becomes the area I would be watching for the final move lower.
Until that happens, my bias remains simple:
RAppLUSDT is bullish until the chart gives me a reason to be bearish and since rTokens are traded 24/7, It will give me better leverage in getting well informed of when it happens rather than waiting for when market opens on Monday..
But from a daily timeframe perspective, I am not interested in blindly shorting Apple simply because price has gone up a lot.
The trend is bullish. Price is making new highs, and until the structure actually gives me a reason to look for a reversal, I have no reason to force a short.
For me, Apple would need to form my Premium Short Model.
The setup I want to see is:
M formation → bearish displacement → retracement into an Order Block and FVG → final expansion lower.
In other words, I want price to first show me that buyers are losing control. A simple rejection from the high is not enough.
I want to see the M-shaped structure form, followed by a clear bearish displacement. Then, if price retraces back into the relevant OB/FVG, that becomes the area I would be watching for the final move lower.
Until that happens, my bias remains simple:
RAppLUSDT is bullish until the chart gives me a reason to be bearish and since rTokens are traded 24/7, It will give me better leverage in getting well informed of when it happens rather than waiting for when market opens on Monday..
Real Time US Stocks Trade: bitget.com/markets?channelCode=regd&vipCode=kqy7
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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.
Real Time US Stocks Trade: bitget.com/markets?channelCode=regd&vipCode=kqy7
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.