Apple has broken up through both long- and short-term resistance.
Since RSI isn´t really overbought we could look at a short term extension and then back to resistance (now support).
A possible target is the Fib extension 127% at 197,69.
Stops just below latest swing below the short-term support giving us a nice Risk:Reward.
Since RSI isn´t really overbought we could look at a short term extension and then back to resistance (now support).
A possible target is the Fib extension 127% at 197,69.
Stops just below latest swing below the short-term support giving us a nice Risk:Reward.
Henrik Siverhall
SMC Trading
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Henrik Siverhall
SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic
SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic
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.