Are we due to a reversal?
Although the latest weekly candle looks very bearish, I think we are about to see a turnaround.
At least sooner or later...
The reason for my assumption is the following;
The entire market (including APPLE) is oversold on the daily chart.
VAH and the S1 weekly Pivot point is below us (135.25), which provides strong support.
It is important to note that we need to wait for signs of a turnaround, because there is no way of knowing exactly where the market will turn.
The weekly candle, MACD and RSI continue to show a downward trend.
Support: 135.27, 123.97
Resistance: 148.38, 157.49
At least sooner or later...
The reason for my assumption is the following;
The entire market (including APPLE) is oversold on the daily chart.
VAH and the S1 weekly Pivot point is below us (135.25), which provides strong support.
It is important to note that we need to wait for signs of a turnaround, because there is no way of knowing exactly where the market will turn.
The weekly candle, MACD and RSI continue to show a downward trend.
Support: 135.27, 123.97
Resistance: 148.38, 157.49
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