Market Instrument: AAPL
Timeframe: Daily
Analysis: Technical
Structure: Resistance and Trend Line Breakout
Prediction: Bearish
Price is showing a breakout on the daily bullish trend line. And the resistance formed at 182 is preparing to sell off close to the key level formed around 156 with a 50-61% retracement. The daily timeframe shows that 100EMA supported the price many times during the minor corrections or retracements formed. The drop expected can revisit 100EMA once again...
Timeframe: Daily
Analysis: Technical
Structure: Resistance and Trend Line Breakout
Prediction: Bearish
Price is showing a breakout on the daily bullish trend line. And the resistance formed at 182 is preparing to sell off close to the key level formed around 156 with a 50-61% retracement. The daily timeframe shows that 100EMA supported the price many times during the minor corrections or retracements formed. The drop expected can revisit 100EMA once again...
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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.