Setup description: $AAPL
25 October 2022
14th October opened can be considered as reversal stock opened below 12th October and closed near top with high volume.
From 14-21 October previous day low not broken yet.
On 21 October again stock went above 9 and 21 days with high volume and close near top.
Now we wait for conformation and hope it takes out 100 day with a huge volume too.
Still few days left to confirm
last 3 days close near top. Good Sign.
CCI became Green
But volume continues to be below average. Even when price boke 50day
Bad sign in my opinion.
Cons :
Elliott Oscillator Need to turn green I am not convinced with this setup 100%
Stochastic is above 80. But false bar needs to come for my setup
25 October 2022
14th October opened can be considered as reversal stock opened below 12th October and closed near top with high volume.
From 14-21 October previous day low not broken yet.
On 21 October again stock went above 9 and 21 days with high volume and close near top.
Now we wait for conformation and hope it takes out 100 day with a huge volume too.
Still few days left to confirm
last 3 days close near top. Good Sign.
CCI became Green
But volume continues to be below average. Even when price boke 50day
Bad sign in my opinion.
Cons :
Elliott Oscillator Need to turn green I am not convinced with this setup 100%
Stochastic is above 80. But false bar needs to come for my setup