Apple Inc
Short
Aggiornato

APPL 3/21/22

212
APPL

Has been looking very week after being unable to make higher highs.
Price has falling into descending wedge after breakdown of existing uptrend. It now also cannot close above 50ema.
Price is now making lower highs and lower lows.
Price currently finds itself at resistance of descending triangle.
Today looks to close as a gravestone doji. This will be my cue to enter trade if today’s candlestick closes as gravestone doji at resistance level.

Will be entering trade short.

Entry: 164.02
Stop Loss: 169.76
Target: 158.18, +8.44%, 2.41 RR ratio
Trade chiuso: stop raggiunto
Stopped: Stop Loss: 169.76
Will be reentering trade short at resistance area @ 176

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