Apple IncShort
Apple Potential Sell Setup
My bias for the upcoming move is bearish.
Weekly
-If you take a look at the weekly you will notice that price met resistance and formed a shooting star candle stick pattern. (this is a clear sign that a reversal is near.)
-Price then proceeded to make a nice bearish push the following week. Then the previous that just ended was a retracement. Now price is ready to make another bearish push.
Daily
-Price formed a double top if you look at both tops that i circled. (a double top is a sign there is a potential for bearish momentum)
-Also I noticed there consist of a double top within each circle, this further encourages my idea that price is ready to make a bearish push.
- Now I am looking for price to make a bearish push breaking the neckline and ultimately testing the previous resistance area which is now serving as support around the 158 level.
Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
Weekly
-If you take a look at the weekly you will notice that price met resistance and formed a shooting star candle stick pattern. (this is a clear sign that a reversal is near.)
-Price then proceeded to make a nice bearish push the following week. Then the previous that just ended was a retracement. Now price is ready to make another bearish push.
Daily
-Price formed a double top if you look at both tops that i circled. (a double top is a sign there is a potential for bearish momentum)
-Also I noticed there consist of a double top within each circle, this further encourages my idea that price is ready to make a bearish push.
- Now I am looking for price to make a bearish push breaking the neckline and ultimately testing the previous resistance area which is now serving as support around the 158 level.
Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
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