I just can't believe they are setting up a pattern like this for September trapping for both bulls and bears. It looks like it formed a leading diagonal and heading to downside after the retracement is done.
My bias is it doesn't look like bullish to me. We might see a rejection at $4040-4069.
I'm very concerned what's coming in next week. Hope everyone don't go all in just yet but please be careful.
My bias is it doesn't look like bullish to me. We might see a rejection at $4040-4069.
I'm very concerned what's coming in next week. Hope everyone don't go all in just yet but please be careful.
Note
Apple has a similar setup.Trade closed manually
I apologize this analysis was invalid. I think the next target should be $4500 by November.
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.
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.