Short on APPLE Weekly Chart
Updated
Apple is in a place on the weekly chart that looks ripe for a short position.
The Stoch RSI is ready to turn downward.
The RSI trend has been met and is starting to turn downward.
Volume is declining.
Price action is making higher lows from the most recent top.
Stoploss at 190.00
T1: 125.25
T2: 107.94
T3: 90.90
Final target for the short is the .618 fib.
NFA
Confluence in many indicators.
Do your own DD.
The Stoch RSI is ready to turn downward.
The RSI trend has been met and is starting to turn downward.
Volume is declining.
Price action is making higher lows from the most recent top.
Stoploss at 190.00
T1: 125.25
T2: 107.94
T3: 90.90
Final target for the short is the .618 fib.
NFA
Confluence in many indicators.
Do your own DD.
Comment
just wanted to edit the original line saying the price action is making higher lows.This needs to be edited to "... making lower highs from the recent top..."
Comment
breakout above has invalidated this ideaTrade closed: stop reached
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