After putting in the recent high around $260, many insiders and politicians alike began to sell Apple stock and it has been dropping since.
At the moment, I am open to a potential ABC correction here with a rejection at the textbook 0.618 zone, where I will use a the pivot for the 1-1 trend based fib extension.
I have set some alerts at $210 for potential long trades and will be observing the reaction. We have confluence of the Value Area Low which may drop slightly as price moves into the lows.
Only time will tell!
At the moment, I am open to a potential ABC correction here with a rejection at the textbook 0.618 zone, where I will use a the pivot for the 1-1 trend based fib extension.
I have set some alerts at $210 for potential long trades and will be observing the reaction. We have confluence of the Value Area Low which may drop slightly as price moves into the lows.
Only time will tell!
Nota
Nota
Apple bouncing, but unfortunately looking like it is making a corrective ABC structure here. Target is the 1-1 extension. May entertain short trades at that zone. Nota
Potential short trade to look like: Nota
Missed my short by $3. Will wait to see how it progresses for potential dip buy Nota
Target Hit, time to look for long trades Nota
How you like that 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.