AAPL - Bearish Sequence
Apple stock has been in a downtrend since Aug. 1st
After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, sales on the iPhone 15 may be in jeopardy considering the news about the over-heating concerns users are having!
tradingview.com/news/tradingview:3f54e1fbf094b:0-iphone-15-overheating-concerns/
After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, sales on the iPhone 15 may be in jeopardy considering the news about the over-heating concerns users are having!
tradingview.com/news/tradingview:3f54e1fbf094b:0-iphone-15-overheating-concerns/
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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