AUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very...
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
This is a classic situation where fear, uncertainty and doubt all come together. The situation with ULTA is critical on the weekly and exposes opportunities on lower time frames.