The Apple Tree closed above 200 MA. What is next?
As you can see from the chart. The Apple price closed green at After hours 152.35 +0.060 (0.039%).
Look at the weekly chart three weeks after the selling from the distribution dark pool the price remain above 200 MA, which indicates a consolidation area before a pullback or further selling, we don't know :).
We know that from the candlestick pattern an Insidebar has formed on a weekly chart.
If you analyzed the weekly chart, you would know that there is a very powerful key support level that will stop the market from going down.
We could go long here? Although the whole market is still on the uncertainty now. We have to look at the whole market structure like SPX DJI & COMP futures in order give us more confidence and information for our trading.
Look at the weekly chart three weeks after the selling from the distribution dark pool the price remain above 200 MA, which indicates a consolidation area before a pullback or further selling, we don't know :).
We know that from the candlestick pattern an Insidebar has formed on a weekly chart.
If you analyzed the weekly chart, you would know that there is a very powerful key support level that will stop the market from going down.
We could go long here? Although the whole market is still on the uncertainty now. We have to look at the whole market structure like SPX DJI & COMP futures in order give us more confidence and information for our trading.
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