APPL about to make a move!APPL seems to be using the 180 area as support which was a structural resistance last October. It made a descending triangle in Q3 of 2023 before breaking out to the upside until December. APPL is making a similar move within a triangle and I'm waiting for a breakout.
Price action is making lower lows pretty drastically so I'm thinking this might break out to the down side. If that happens, I'll be taking profits at the vwap and checking lower timeframes for continuation or reversal from there.
Conditions:
- Descending triangle,
Entry:
-
Stop:
-
Target:
-
Notes:
Divergence: N/A
Pattern(s): Descending Triangle
EMA: Hourly - above price / daily - 200 EMA at strong support
Volume: 182.60
VWAP: Below price
Overbought/sold: N/A
Fibonacci: Price in Golden Zone