General
Apple in an uptrend with some small downtrends the last 2 monthsis approaching the yearly open. 2 short ideas that i would be willing to take if the requirements are met.
I will post an additional idea with 1 long setup that i will take if it should develop.
1. Short (Orange arrow)
Requirements
- Price rises above yearly open and the recent swing high
- Price breaks again under yearly open and enter little under the yearly open
Target
Former resistance area (area 1)
Invalidation / SL
- Yearly open and /or Swing High turn support
Stop- Loss
- Above the Swing High
Time duration
Days, weeks, months, years... ;)
2. Short (Blue arrow)
Requirements
- Price falls under area 1
- Area 1 turns resistance
- Enter on retes
Target
Former support level with confluence to the 50% Fib of the current range
Invalidation / SL
- Retaking area 1 after breaking under it
Stop- Loss
- Slightly above area 1
Time duration
Days, weeks, months, years... ;)
Good luck
Apple in an uptrend with some small downtrends the last 2 monthsis approaching the yearly open. 2 short ideas that i would be willing to take if the requirements are met.
I will post an additional idea with 1 long setup that i will take if it should develop.
1. Short (Orange arrow)
Requirements
- Price rises above yearly open and the recent swing high
- Price breaks again under yearly open and enter little under the yearly open
Target
Former resistance area (area 1)
Invalidation / SL
- Yearly open and /or Swing High turn support
Stop- Loss
- Above the Swing High
Time duration
Days, weeks, months, years... ;)
2. Short (Blue arrow)
Requirements
- Price falls under area 1
- Area 1 turns resistance
- Enter on retes
Target
Former support level with confluence to the 50% Fib of the current range
Invalidation / SL
- Retaking area 1 after breaking under it
Stop- Loss
- Slightly above area 1
Time duration
Days, weeks, months, years... ;)
Good luck
Note
Lets see if we get a close under area 1Trade active
Trade closed: stop reached
If we should close again below area 1 i will enter the Short again
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.
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.