Appleshort
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
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.