AAPL Trade Idea
AAPL is playing well off the yellow trendline drawn on the daily chart.
Two trade ideas setup based on the green support zone. Entering or not depends on price action around the entry price.
Not looking to take a swing trade in AAPL until it decides to either break through the trendline or bounce away from it.
Targets are 1.618 fib levels drawn on the hourly and 15 min chart. Exit depends on price action when approaching the target price
KEY:
-White Horizonal Lines: Previous High or low/resistance levels (multiple timeframes).
-Green Horizontal Lines: 1.618 fib level (multiple timeframes).
-Yellow trendline: Trendline
-Green boxes: Supply or demand
Two trade ideas setup based on the green support zone. Entering or not depends on price action around the entry price.
Not looking to take a swing trade in AAPL until it decides to either break through the trendline or bounce away from it.
Targets are 1.618 fib levels drawn on the hourly and 15 min chart. Exit depends on price action when approaching the target price
KEY:
-White Horizonal Lines: Previous High or low/resistance levels (multiple timeframes).
-Green Horizontal Lines: 1.618 fib level (multiple timeframes).
-Yellow trendline: Trendline
-Green boxes: Supply or demand
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