RECESSION is coming, run for the APPLE trees.Price is currently at strong resistance, we can only see a bearish move possible to our red resistance zone in the next few weeks.
This is due to the state of the US economy and the weakening strength of the stock market, the stock markets are in a bearish mood this week and this is because people are starting too get scared and realise what a mess Trump is causing.
A recession is just around the corner and when people have no money they cant spend it on fancy gadgets, the only apples they will be buying are the ones that grow on trees ;p
Appleshort
APPLE - THE FALL IS INEVITABLELook at this chart historically. In the falling of 2012-2013, and 2015-2016 you can see regularities. First of all, the price always back at the support line continuing from 2008 (green support line), secondly MA50 always goes down after previous peak at lest 1 year (look at this chart). I expect either long flat to $152 or strong move down to $145. Anyway, we will move down.
WHY I BOUGHT APPLE STOCKS WITHOUT OWNING ANY APPLE PRODUCTS1. Price action has shown a bounce off good weekly structure support.
2. 0.618 FIBB levels aligns with structure as well.
3. 200 Day moving averages on the weekly aligns as well with structure.
4. Good risk reward
5. RSI Bullish divergence on daily chart and oversold conditions.
* The high confluence of indicators and price actions gives us enough confidence for a swing trade for apple stock. Cheers do let me know what you think!
Check out the youtube: youtu.be
AAPL beware... could sink.Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot -0.78% -6.68% -7.44% -7.44% appears after that green dot -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
CATCHING ANOTHER BOTTOM THIS TIME APPLE?I believe we hit the bottom at 198 USD
The ABC correction down is finished touching the 1.272 fib at 198 USD.
RSI is already turning up, on the lower timeframes, daily is about to follow.
Also we have a triple bottom on the RSI, on daily.
Target is the previous resistance at 230 USD.
AppleCalled the apple top, to this support, Im expecting this support to break, if you like Divergence, we got a massive divergence formed on the DJI / apple as well. Apple just came out with their new upgrade to a phone buy the rumor sell the news type deal with this one mirroring T.A. Expecting a retest of major support. Use as much Leverage if you like or not much at all. Not trying to top fish at all, just noticing a big rollover happening.
NASDAQ:AAPL : Hope you guys stay safe out there, worst time to be buying stocks atm.
'SHORT' APPLE TO GO DOWNLooking at the market in the Monthly view, it is quite easy to read current movement based on history and clear pattern it is following. Apple will continue dropping for the next 4-6months, a very good opportunity to get in on short.
Apple reached a new peak high this July/August and now it is on a retracement, but this is a good retracement to bank in on. If you look at market history you will see this is normal for it's life cycle and when it occurs, it usually lasts more or less around 6 months and this long retracement usually concludes once market hits around 50 EMA, which is represented by the White line in my chart.
So do not miss out on this opportunity in my opinion. The retracement has actually already started a few weeks ago after the peak high but plenty more down to come for a while.
For a suitable entry point to short, I suggest working with lesser time frame like on the monthly view (1M), using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).
DISCLAIMER;
Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
(!) WARNINGS for AAPL holders: strong bearish signals!I’m writing this message as a considerable warning to all AAPL holders. I am a long term investor myself, buying most of my position at the correction leg around $55 as shown in the graph (at point '2") at the first highlighted correction in 2013.
I actually wrote a similar post on January 29th, but because it contained some external links, Tradingview blocked the post. You can nevertheless still see the graph I made back then:
I found this chart compelling enough to repost it, albeit with a nice update ;)
I took some profit back then in February, at around $180, so really at the top. Subsequently, a drop occurred to 150ish. Today, price is back up to the $180 level. But the main story I had back in February still holds true.
Even though I'm relatively bearish now, I am still holding a small position just out of principle: I see myself as a long term holder of AAPL.
Sidenote: I noticed similar red flags on the leading European index DAX30 , and the S&P500 .
DAX30
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Now, the bearish-oriented title doesn’t promise much upside for AAPL , & when I look at the longer term graph of AAPL, I get the creeps and shivers. Practically a multitude of indicators & other information on the chart show us flickering red lights all over the place . Here we go:
(1): AAPL has been in a long term upward trend channel since 2009 more or less, it has hit upper resistance of the trend channel twice before, and each time it fell right back to the trend channel support. You can see that in "1" and in "3". We are now again touching the upper resistance line in "5", a small breakthrough took place but couldn’t hold, sending the price right back to the $150 area. Nevertheless, the overall momentum in the market remains positive and Apple got a boost to get back to today's $182. That is out of the trend channel, and even beyond resistance. But Apple is already the largest stock on the planet, and no way that it can go vertical like our friend Bitcoin. We can theoretically expect the price to fall back to the lower support of the trend channel around "6"! That would imply a price level of around $140 (-23%)
(2) If we have a look at the section just below the graph, The MACD (Moving Average Convergence Divergence), theory tells us that if the blue and red line cross each other above zero and the red line comes above the blue line, that we have a bearish reversal. Just have a look at the graph and you can see this happening in 2007-ish, just before 2013, just before 2016, and, well, right now (almost).
—> Vice versa, we can see a “bullish” (if not “golden”) cross when the blue line crosses the red line and blue comes on top. This is also clearly visible in the MACD section.
(3) The lower section shown here is the RSI or relative strength index. To keep things brief: this indicator can typically be relied upon to confirm a bearish or bullish stance. This holds true quite visibly for AAPL & we are seeing a confirmation of the downward signal in the MACD quite clearly before each pullback.
Conclusion:
I am a long term holder of AAPL but recently took some profit around $180. Why? Because the technical picture points to a major pending bearish reversal. Long term trend channel since 2009 is acting as a major resistance, MACD is almost showing a death cross, & RSI confirms that bearish stance.