To Minimize Risk For Apple (in Rising Wedge Pattern)Look at these trend lines.
The stock value of the apple has grown exponentially within a certain trend.
Looking at these trends, we can say that currently buying apple stocks has a moderate risk.
In order to reduce the risk, it is better to wait between 150 and 180 for the purchase levels.
Newyork
UsdCad after news SHORRTTShappened right after 8:30am EST news
gave us a good push up and wick rejection on the resistance zone
bear engulfing on 15m and double confirmation on 30m with RRT as well as 1h gravestone doji that later confirmed as well
also right around 70 RSI on 15m
in a tight range, sell res buy support keep it simple
risk reward near 2 depending on entry and TP
the setups are easy, mastering the dragon within is the hard part
AudUsd Double Top neckline retest/TL Break ZONE TO ZONE BABYNice double top here, NY choppy wick time, then shows sweet doji on 15m tf signaling the drop after the retest of neckline/last kiss on the double top
while the overall trend is bearish
pretty awesome RR for scalper to next zone, small pips to W or L but consistency is what matters most
another great confluence is the 15ema 200ema cross we see right as the entry doji we get right as NY markets are firing up
of course you could have held to double+ profits but you never really know what will happen.. hindsight 2020
side note thoughts/talking to myself:
i seemingly like to short and watch it fall rather going long as i tend to find myself shorting at least 65% of times, not sure why
The price of Bitcoin (€) might get uptrend in daily timeframeActually, the price of the Bitcoin (in Euro) is about to get over the 4-hour timeframe Ichimoku Cloud.
€6683 might be the first level (if crossed) that could be a confirmation of the uptrend. The Lagging Span Line (Chikou Span Line) should get completely over the Kumo Cloud in daily timeframe, that means that a full Japanese Candlestick should be over the Kumo Cloud (Open Price and Close Price) to have a confirmation of the uptrend and that would be a potential buy zone.
Apple: Future after iPhone 8 The journey of technology behemoth Apple, Inc. from Apple I to iPhone 7 has been a spectacular one. Its valuation crossed $800 billion this year and is onto becoming the first trillion-dollar company. It's not been a smooth ride all the way. Like every company, Apple too had to go through phases of ups and downs and failures. It too made products that flopped - Apple Portable, Apple III, Macintosh TV - to name a few. It all changed when Steve Jobs returned to Apple in 1997, 10 years after he was fired. Not many know that in 1997 the company was on the verge of bankruptcy and was saved by Microsoft, by pumping in $150 Million and ended the rivalry between the two innovators, Gate and Jobs.
Apple was once again being steered by Jobs, as an iCEO - interim CEO - hence the alphabet "I" prefixes the products he innovated as an iCEO. Apple with its iPod launch created a generation of fan followers that would go on to make their every product a success, no matter how flawed it was. iPhone 4 has call drop issues, iPhone 6 would bend when pocketed - yet, people bought them and made them Apple's success stories. Now that Apple's next flagship - iPhone 8 - launch is around the corner, and speculations are that Apple is going for a complete design overhaul, it's time to analyze the stock and try to make out what it would mean for the company and its future.
Analyzing the stock of Apple, I see it making a long-term high in February - March 2018 at price level of around $175. So multiplying it with the number of outstanding shares of 5.165 Billion gives us the approximate valuation of $903.8 Billion - guess Apple will not be a Trillion - dollar company, at least not in 2018 or anytime soon. In the following chart, I have also marked a few intermediate highs and lows - time targets at approximate, price targets do not mean much. High in the first week of October, then low in the first week of November, then High in the second week of December and the final low in the second week of January before moving towards its long-term high in.
As always, we will update when changing dynamics necessitates so.
S&P 500 - Still time to buyThe index keeps creating new highs (Dec-13 and Jan-06) and follow the same uptrend initiated in mid-November.
Despite a slowing down in the pace of going upward (illustrated by a divergence with the Momentum indicator), there is no obvious sign today leaning toward a reversal. Furthermore, volume on up days outdoes volume on down days.
The index might come back testing the recent uptrend, around the 2,255 pts mark. Two successive breakouts i) below the uptrend and ii) below a support at 2,232 would change the current scenario (creation of a broad formation showing indecision rather than reversal of the uptrend).
- Current holders would keep their long positions
- Those looking to enter the market would either initiate long positions now or could try to get a better price up to 10 points cheaper.
- Close long positions if break below the 2,255 and/or the 2,232 mark