AAPL- has been 1 of the 5 strongest stocks leading the Nasdaq. Yet we see a sell set up. Target shown by the pink arrow, defines a target sell point for AAPL.
The Cypher projects a 78.6% retracement of Mondays sell off.
The brown dashed line shows the projected sell zone.
The Cypher projects a 78.6% retracement of Mondays sell off.
The brown dashed line shows the projected sell zone.
Note
D point target reached. Then(Wednesday) We bought puts. The retracement of the Cypher pattern is 38-61.8% of the C-D move. Today (Thursday)we sold the puts at the 61% retracement for a nice profit as discussed in the chat room
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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.