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
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 closed: stop reached
Stopped: Stop Loss: 169.76Will be reentering trade short at resistance area @ 176
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.