APPLE rebounding on the MA200 (1d). Eyes on 190.
Apple is trading inside a Falling Wedge pattern, which yesterday met its MA200 (1d) and rebounded.
This put a stop to the bearish leg's downtrend and as long as the MA200 holds, the wave count can break over the top of the Wedge.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 190.00 (September 5th High, Fibonacci 0.786).
Tips:
1. The RSI (1d) is on a Rising Support throughout the course of the Falling Wedge. This is a strong Bullish Divergence.
2. The MA200 (1d) has been intact since March 2nd.
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Notes:
Past trading plan:
This put a stop to the bearish leg's downtrend and as long as the MA200 holds, the wave count can break over the top of the Wedge.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 190.00 (September 5th High, Fibonacci 0.786).
Tips:
1. The RSI (1d) is on a Rising Support throughout the course of the Falling Wedge. This is a strong Bullish Divergence.
2. The MA200 (1d) has been intact since March 2nd.
Please like, follow and comment!!
Notes:
Past trading plan:
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