Hi Traders, Sharing daily time frame chart of Apple and key levels marked on provided chart according to my observation.
So as we can see that after a parabolic move from 125 to 195 levels currently price is trading in a falling wedge near to 172 levels these levels coincidentally adjoined with a strong support prior was resistance and with 200 Ema too, if these levels will break and price close below flip zone we can see below marked targets or if price will bounce like earlier it bounced from same spot and break wedge resistance and close above we can see above marked target.
Let's see it will respect 200 EMA and support zone or not.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
So as we can see that after a parabolic move from 125 to 195 levels currently price is trading in a falling wedge near to 172 levels these levels coincidentally adjoined with a strong support prior was resistance and with 200 Ema too, if these levels will break and price close below flip zone we can see below marked targets or if price will bounce like earlier it bounced from same spot and break wedge resistance and close above we can see above marked target.
Let's see it will respect 200 EMA and support zone or not.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Note
Once price go below from flip zone and below 200 Ema but took support, so still my sell trade not executed i want a closing below both flip zone and ema, so let's see which trade will be executed firstly, i will update idea accordinglyNote
Price breached it yesterday's low and again come above to 171 levels now so till it did not closed below 171 short trade can not be validated as per idea descriptionNote
Price breaking out from falling resisatnce trendline and still not able to break flip zone, if break and close above we can see targets marked aboveNote
Price trying to touch mention target one in description after breaking falling resistance trendline and flip zone for this you have to check above update, we can consider that it is good bounce from support area and can do above mentioned targets soonNote
I am closing my support bounce trade now near to target one because of safety reasons, if it will break resistane target one and close above will take a fresh entry it for the final closure of this publication at target resistance target twoNote
Target Update-: After completing target one fully price did not managed to close above resistance target one friends, if close above i will go for a long side trade in as mentioned in above update
Note
After closing long trade on resistance target one as i updated above that i will go long after a long trade again after a breakout of resistance target one so yesterday got that breakout and price gradually moving towards resistance target two friendsNote
Hi mates as we can see price going good towards target after breaking resistance target one, Now technical observation is on weekly chart is that price gives a 9 weeks higher closing which was higher close from previous swing top too so we can assume that higher high formation could be start again from here and by this price action i assume that it will give more intact to price for going in upward direction againWeekly Chart-
Published Chart aslo looks good and strong now, broke a long swing too
Trade closed: target reached
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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.
Related publications
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.