hello guys!
let's analysis Apple!
Support Area (~$219 - $221): This zone has previously acted as a strong demand level, preventing further decline.
Target Area (~$252 - $254): A key resistance level where the price might face selling pressure.
Candlestick Signal – Bullish Engulfing:
The engulfing pattern indicates a potential reversal, signaling bullish momentum after a decline.
If confirmed with increased volume, it strengthens the possibility of an upward move.
Trade Setup:
Entry: Around the current price level (~$227).
Stop-Loss: To minimize downside risk, below the support area (~$219).
Take-Profit Target: Around $252 - $254, aligning with the resistance zone.
Confirmation Factors:
A strong breakout above $230 would validate bullish momentum.
A retest of support with a bounce would reinforce the setup.
The bullish setup would be invalidated if the price falls below $219.
Conclusion:
Bullish Bias: The pattern suggests a recovery towards the target zone.
Key Level to Watch: $230 as confirmation for an upward move.
Risk Management: Stop-loss below support is crucial to limit losses.
let's analysis Apple!
Support Area (~$219 - $221): This zone has previously acted as a strong demand level, preventing further decline.
Target Area (~$252 - $254): A key resistance level where the price might face selling pressure.
Candlestick Signal – Bullish Engulfing:
The engulfing pattern indicates a potential reversal, signaling bullish momentum after a decline.
If confirmed with increased volume, it strengthens the possibility of an upward move.
Trade Setup:
Entry: Around the current price level (~$227).
Stop-Loss: To minimize downside risk, below the support area (~$219).
Take-Profit Target: Around $252 - $254, aligning with the resistance zone.
Confirmation Factors:
A strong breakout above $230 would validate bullish momentum.
A retest of support with a bounce would reinforce the setup.
The bullish setup would be invalidated if the price falls below $219.
Conclusion:
Bullish Bias: The pattern suggests a recovery towards the target zone.
Key Level to Watch: $230 as confirmation for an upward move.
Risk Management: Stop-loss below support is crucial to limit losses.
Note
I don't know why I cannot see the detail!it is details:
Trade active
Note
the price perfectly react to the entry point:Note
towards the target
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.