$AAPL targeting new ATHs into February month-endHarmonic, good economic data for stonks, retail sales Friday likely hot and good for Apple and big tech, tariff worries fading and china heating up! Watching Feb 14/21/28 ITM/OTM calls.
AAPL trade ideas
AAPL is Heating Up! A Must-Watch Stock on Traders' Radar! 🔥 Apple Inc. is showing strong momentum, breaking key resistance levels. Is a breakout coming? Here’s the breakdown!
📊 Technical Analysis for AAPL
Trend Overview
* Uptrend Structure: AAPL is trending upward within a rising channel.
* Strong Bounce: The stock has rebounded from $230, pushing higher towards resistance.
* Current Price: $237, near critical resistance at $240.
Key Levels to Watch
* Support Levels:
* $233.99 – Short-term pullback level.
* $230.34 – Previous support, crucial for maintaining the trend.
* $225.96 – Key demand zone.
* Resistance Levels:
* $240 – Major breakout level (Gamma resistance).
* $245-$250 – Next bullish targets if the breakout sustains.
📈 Trade Setups
Bullish Scenario 🟢
* If AAPL breaks and holds above $240, it could squeeze towards $245-$250.
* Entry: Above $240 with confirmation.
* Target: $245 / $250
* Stop Loss: Below $230 (invalidates the trend).
Bearish Scenario 🔴
* If AAPL rejects at $240, expect a retracement to support zones.
* Entry: Below $233 if selling pressure increases.
* Target: $230 / $225
* Stop Loss: Above $240 (breakout invalidates the short setup).
🛠 GEX & Options Flow Insights
* Highest Call Resistance at $240 → Breakout level for bulls.
* 2nd Call Wall at $245 → Potential gamma squeeze target.
* Put Support at $225 → Strong buying support if AAPL dips.
* Current IV Rank: 29.9 (Moderate), with CALLS at 4.4% → Bullish sentiment building.
💡 Final Thoughts
* AAPL is approaching a critical breakout level at $240.
* A confirmed breakout could lead to a strong rally to $245-$250.
* If rejected, watch for a pullback to $230 for a potential dip-buy opportunity.
🚨 This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly! 🚨
APPL longsAPPL stronger asset today and showed bullish order flow. Supported by H4 bisi and invalidated the bearish 15m FVG. This is exactly my model, as simple as it gets. Draw on liquidity was previous day high which obvious.
$AAPL needs to break above 235 for me to be a bullBig money sold at $232.70 since earnings.
I prefer going with the Whales that make the waves in the market.
Let's be a barnacle and capture their move. Until above 235 then have to be cautious for positioning to take it lower.
Morning Pullback ReportThis is the first one but throughout this video, I explain what I am seeing in certain stocks. I am a big fan of pullbacks and that how I trade. I think here you can get a feel for my thought process as I page through a bunch of stocks.
Apple’s Stock Crash: Panic, Predictions & Lessons🔰 Greetings, Traders & Investors!
Welcome to this insightful deep dive into one of the most dramatic moments in stock market history—the Apple stock crash of September 29, 2000. Whether you're a seasoned trader or just starting your journey in the financial markets, understanding past market events is crucial to making informed decisions today.
In this publication we’ll explore why Apple lost 51% of its value in a single day, the market's reaction before and after the crash, and most importantly, the key lessons modern investors can learn from this event. Markets are unpredictable, but history often repeats itself in different forms. By analyzing past stock crashes, we can better prepare for future volatility.
The Apple Stock Crash of September 29, 2000: Lessons for Today’s Investors-:
On September 29, 2000, Apple Inc. (AAPL) experienced a catastrophic stock crash, plunging nearly 51% in a single day. This massive drop shocked investors, raising concerns about the tech industry’s stability. The event remains an essential case study for understanding market volatility, investor psychology, and risk management.
Let’s explore why Apple’s stock crashed, how analysts and investors reacted, and the lessons today's traders can learn from it.
📉 Why Did Apple Stock Crash?
Several factors contributed to this sudden collapse, ranging from earnings warnings to broader market conditions.
🔸 Earnings Warning & Slowing Demand
On September 28, 2000, Apple issued an earnings warning after the market closed, stating that revenue and profit would be significantly lower than expected. The main reasons were:
Lower-than-expected demand for Power Mac G4 computers.
Weak back-to-school sales of iMacs.
Overstocking of components, leading to inventory issues.
This negative news spooked investors, leading to a massive sell-off the next day.
🔸 Tech Bubble’s Bursting Effect
The dot-com bubble was already deflating in 2000. Many tech stocks were overvalued, and any negative news led to extreme reactions. Apple's warning came at a time when investors were already nervous about the sustainability of tech sector growth.
🔸 Investor Panic & Mass Sell-off
Once Apple’s warning was announced, institutional investors dumped millions of shares, triggering a panic. Retail investors followed, leading to a downward spiral.
📊 Market Predictions & Reactions
🔹 Before the Crash: Optimism in the Market
Before the warning, analysts were bullish on Apple, predicting strong sales for the holiday season. The stock had been performing well, driven by the success of the iMac G3 and the upcoming release of Mac OS X.
🔹 After the Crash: Chaos & Downgrades
The aftermath was brutal:
Apple stock fell 51%, wiping out billions in market value.
Analysts downgraded Apple, slashing price targets.
Investors lost confidence, and Apple became a "high-risk" stock overnight.
However, long-term investors saw this crash as an opportunity to buy shares at a lower price.
💡 Lessons for Today’s Investors
✅ 1. Market Sentiment Can Change Overnight
Apple was seen as a rising star, yet in just 24 hours, it lost half its value. This teaches us that market sentiment is fragile, and even strong companies can face extreme volatility.
✅ 2. Don't Ignore Earnings Warnings
When a company lowers its earnings expectations, it often signals deeper issues. Investors should analyze the warning carefully before making any investment decisions.
✅ 3. Panic Selling Leads to Missed Opportunities
After the crash, Apple recovered and became one of the most valuable companies in history. Investors who panicked and sold at the bottom missed the long-term gains.
✅ 4. Diversification is Key
Many investors had put too much of their portfolio into tech stocks. When Apple and other tech companies crashed, they suffered huge losses. A diversified portfolio helps reduce such risks.
✅ 5. Crashes Create Buying Opportunities
Legendary investors like Warren Buffett always say: "Be greedy when others are fearful." Those who bought Apple stock at its low in 2000 saw massive gains in the coming years.
Conclusion-::
The Apple stock crash of September 29, 2000, serves as a valuable lesson for investors today. Stock markets are unpredictable, and even the best companies can experience short-term downturns. However, by staying rational, avoiding panic selling, and focusing on long-term growth, investors can turn a market crash into an opportunity.
Best regards- Amit
Please boost this idea if you like it.
AAPL Technical Analysis & GEX for Options Trading📉 Market Structure Overview
* AAPL has broken out of a descending wedge pattern with a sharp rally.
* Price reclaimed key support at 230.59, indicating strength.
* Currently consolidating after a strong move up, forming a possible bullish flag.
📊 Key Support & Resistance Levels
* Immediate Resistance: 233.99 - 235.23 (prior high)
* Major Resistance: 240 - 250 (Gamma & Call Walls)
* Immediate Support: 227.65 - 230.59
* Strong Put Support: 220 - 225 (High put positioning)
📈 Indicators Analysis
* MACD: Bullish crossover, but momentum is slowing.
* Stoch RSI: Overbought, indicating potential short-term consolidation or pullback.
* Volume: Strong buying volume led the breakout, but needs continuation.
🛠️ GEX (Gamma Exposure) & Options Insight
* Highest Call Resistance: 240 - 250 (Major gamma wall)
* Put Walls: 225 & 220, acting as support.
* HVL at 227.5 (03/21 Expiration): Significant positioning around this level.
📌 Trade Plan & Scenarios
1. Bullish Case:
* Hold above 230-232 → Potential push toward 235-240.
* Entry: 233 Breakout, Target: 240, Stop: Below 230.
2. Bearish Case:
* Rejection at 235-236 → Possible retest of 230-227.5.
* Entry: Fail below 230, Target: 225, Stop: Above 235.
🔹 AAPL is showing signs of strength but needs confirmation above 235 for continuation. Options flow suggests strong resistance above 240, while downside risk is limited near 225. Monitor price action and volume closely for a directional move.
AAPL Bearish For NowAfter putting in the recent high around $260, many insiders and politicians alike began to sell Apple stock and it has been dropping since.
At the moment, I am open to a potential ABC correction here with a rejection at the textbook 0.618 zone, where I will use a the pivot for the 1-1 trend based fib extension.
I have set some alerts at $210 for potential long trades and will be observing the reaction. We have confluence of the Value Area Low which may drop slightly as price moves into the lows.
Only time will tell!
AAPL Technical Analysis & GEX InsightsMarket Overview
Apple's price has shown signs of consolidation after a recent decline, trading near a critical support zone. Options gamma levels suggest a pivotal area around $225-$228, where market makers' activity could influence short-term price movement.
Technical Analysis
1. Trend Analysis:
* AAPL is in a short-term downtrend, respecting a descending trendline while testing local support.
* The current price action hints at a potential consolidation phase near $225.
2. Support and Resistance:
* Immediate Support: $225 (highest negative GEX / critical put support).
* Secondary Support: $219 (2nd put wall).
* Resistance Levels:
* $230 (local resistance / HVL zone).
* $234 (key breakout level based on call OI and prior structure).
3. Indicators:
* MACD: Bearish momentum is decreasing, indicating a potential shift if the MACD line crosses above the signal.
* Stochastic RSI: Recovering from oversold levels, suggesting a short-term bounce could occur.
* Volume: Declining, reflecting reduced trading activity as the price nears support.
4. Price Action Insights:
* A close above $230 could signal bullish momentum, while a break below $225 may lead to further downside.
* Buyers are likely to defend the $225-$228 range aggressively due to gamma positioning.
Gamma Exposure (GEX) Analysis
1. Critical GEX Levels:
* Call Walls:
* $240: Moderate resistance at the 2nd call wall.
* $247: Significant gamma resistance, marking a strong overhead barrier.
* Put Walls:
* $225: Highest negative GEX zone, providing critical support.
* $219: Secondary downside target if $225 is breached.
2. Options Oscillator Metrics:
* IVR (Implied Volatility Rank): 33.8, indicating relatively low volatility.
* IVx (Implied Volatility): 33.5% average.
* Call/Put Dollar Ratio: 1.1% heavily skewed toward put dominance.
3. Implications:
* Strong put gamma at $225 suggests a pivotal support level where a breakdown could trigger increased volatility.
* A close above $230 would align with positive GEX flows, opening the path to $234 and beyond.
Trade Setups
1. Bullish Setup:
* Entry: Above $230.
* Target: $234, $240.
* Stop Loss: Below $228.
2. Bearish Setup:
* Entry: Below $225.
* Target: $219, $215.
* Stop Loss: Above $228.
Conclusion
Apple's price action is at a critical inflection point near $225-$228. While the short-term trend remains bearish, oversold conditions and gamma positioning at $225 suggest potential for a bounce. Traders should closely monitor breaks of $225 or $230 to determine directional bias.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
$AAPL week of Feb10 2025 NASDAQ:AAPL weekly in a inside candle range of
Prev Week low -223 / Prev Week high -236
last Week low -226 / last Week high -234
Current week sentiment - Bearish
Break 226 -> targets 223,219
Other plans:
Base near 226 and shift to uptrend or
Break 226 look for higher base around 219 and uptrend from there.
NEW Update on APPL H4Detailed Analysis of the AAPL (Apple Inc.) Chart
This 4-hour chart of Apple Inc. (AAPL) from TradingView includes technical analysis elements such as supply & demand zones, price action patterns, and trend indicators to predict future price movements.
---
1. Trend Analysis
Supertrend Indicator (10,3)
The Supertrend is red, indicating a downtrend is currently in play.
A strong sell-off is evident, with the price dropping -5.59 (-2.40%) to $227.68.
Lower Highs & Lower Lows
The price is forming a descending pattern, meaning each rally is weaker than the previous one.
This signals that bears are in control and the stock may continue to decline.
---
2. Key Zones: Supply & Demand
Supply Zone (Resistance) - Near $250
This area is where selling pressure is historically strong.
Price attempted to rise but was rejected, reinforcing this zone as a resistance.
If the price were to break above, it could indicate bullish strength, but that is unlikely for now.
Demand Zone (Support) - Near $215-$225
This is where buyers previously stepped in and pushed the price higher.
If the price reaches this zone, we may see some buying activity.
However, if this zone fails, the price could fall further to lower levels.
---
3. Predicted Price Movement & Targets
The bearish scenario on the chart suggests:
1. AAPL may break below the demand zone (red support line).
2. If that happens, it could reach the first take profit (TP1) target at $220.
3. If the downward momentum continues, the second take profit (TP2) target is $210.
4. The final target (marked below TP2) could be around $190-$200, indicating a deeper decline.
Key Confirmation Signals to Watch
If AAPL breaks below $220, it could trigger a stronger bearish move.
If AAPL bounces at $220-$225, it could mean a short-term reversal.
A break above the supply zone ($250) would invalidate the bearish setup.
---
4. Trading Strategy Considerations
For Short Sellers (Bearish Traders)
✔️ Consider shorting AAPL if it breaks below $225 with volume.
✔️ Set stop-loss above $230 to minimize risk.
✔️ Take profits at $220 (TP1) and $210 (TP2) if the trend continues down.
For Buyers (Bullish Traders)
✔️ Wait for a strong bounce from the demand zone ($215-$225) before buying.
✔️ Watch for a reversal confirmation (e.g., bullish candlestick patterns).
✔️ If the price breaks above $250, a new uptrend may start.
---
5. Conclusion & Summary
📉 Bearish Outlook: The chart suggests a downtrend, with potential price drops to $220, $210, and possibly lower.
📊 Key Levels: $250 (Resistance), $225 (Support), and below $210 (Bearish Breakdown Zone).
⚠️ Risk Management: Watch for confirmation signals before entering a trade.
---
Final Thoughts
The overall market conditions and news events related to Apple (earnings reports, macroeconomic data, etc.) could influence this setup.
Apple 2025 trading planHi traders I decided to share first expansion of Apple 🍎 can it fall to 215 to 200 diffenatly yes but first buy limit is 215,and snyper entries will be going to wards 200 n it can reject before 99% rule,soo I will expert the second expansion following the trend and how it trends,what do I mean second expansion?meaning after this turn around am expecting last drop to this areas before we hit another highs,soo exactly the way it trends it's going to continue to move the way,learn how to follow the trend the way it trends and dont be afraid to fail but keep on trying and generate liquidity into positions don't be in hurry,trading stock markets is 99 win 1 % loose ask me how?most of them they are uptrend and easy to follow including banks,you must ask yourselfs why,investors and many successful traders trade stocks,is because they don't reject much like currencies no too much manipulation,why most people's fail in the market?they are in hurry to make fast money without proper knowledge soo it lead them to make alot of mistakes n wrong decisions just cz they in hurry 😀 but still loose,learn how to calculate risks which lot is suitable for equities be in the game and last for longer thank you.
APPLE: Fibonacci Fractal Mapping IApple Inc has some complex cycles which we're about to breakdown to composite phases via fibonacci ratios.
REGULARITIES
Continuous Fractal
Since start 00's, bearish trends in Apple have notably shrunk in percentage terms, painting the past two decades as a period of ever growing optimism. Many long-term cycles remain incomplete for an extended time amplifying the opposing force.
A linear extensions through local tops can serve a future support level.
A parallel line of that same angle carries the same deterministic properties.
This unlocks use of Fibonacci channels to further analyze the structure factoring in specific side tilt.
Continuous Fractal Type - forces alternative approach in interconnecting critical points
Fibonacci Fractal Mapping
Fractal Hierarchy
Guide For Channels Bluprint📢 Welcome, Fellow Traders!
In the ever-evolving world of financial markets, mastering the art of technical analysis is key to making informed and confident decisions. Whether you're a seasoned trader or just starting your journey, understanding the dynamics of ascending, descending, and parallel channels can give you an edge in identifying trends and market opportunities.
This article is crafted to help you navigate these fundamental patterns with clarity and precision. By the end of it, you'll not only recognize these channels but also learn how to leverage them in your trading strategies.
So, let’s dive in together and unravel the secrets of these channels on platforms like TradingView, where the world of analysis comes alive. Here’s to better insights and smarter trades!
Happy Trading! 🚀
⭐⭐ Trading channels are one of the most reliable tools in technical analysis. They help traders identify trends and make informed decisions. In this article, we will dive deep into ascending, descending, and parallel channels, exploring their characteristics, significance, and how to use them effectively.
1. What Are Trading Channels?
📊 A trading channel is a price range formed by two parallel lines: support (lower boundary) and resistance (upper boundary). These lines help identify the direction of the market trend:
Ascending Channel: Indicates an uptrend.
Descending Channel: Indicates a downtrend.
Parallel Channel: Suggests a sideways trend.
2. Ascending Channel
🔼 Definition:
An ascending channel, also called a rising channel, is characterized by higher highs and higher lows. It occurs when the price moves within a range that slopes upward.
🛠 Key Features:
Resistance Line: Connects higher highs.
Support Line: Connects higher lows.
Indicates a strong uptrend, signaling buying opportunities.
💡 How to Trade:
Buy Near Support: Enter trades when the price approaches the lower boundary.
Take Profit at Resistance: Exit trades near the upper boundary.
Breakout Strategy: Watch for a breakout above resistance for stronger bullish signals.
3. Descending Channel
🔽 Definition:
A descending channel, or falling channel, is formed when the price creates lower highs and lower lows. It indicates a downtrend.
🛠 Key Features:
Resistance Line: Connects lower highs.
Support Line: Connects lower lows.
Reflects bearish sentiment, signaling selling opportunities.
💡 How to Trade:
Sell Near Resistance: Short-sell trades when the price approaches the upper boundary.
Take Profit at Support: Exit trades near the lower boundary.
Breakdown Strategy: Monitor for a breakdown below support for stronger bearish momentum.
4. Parallel Channel
➖ Definition:
A parallel channel, also known as a horizontal or range-bound channel, is formed when the price moves sideways with consistent highs and lows.
🛠 Key Features:
Resistance Line: Stays flat, connecting equal highs.
Support Line: Stays flat, connecting equal lows.
Indicates market consolidation or indecision.
💡 How to Trade:
Buy at Support and Sell at Resistance: This is ideal for range-bound markets.
Breakout or Breakdown Strategy: Prepare for significant moves when the price exits the channel.
5. Tips for Identifying Channels on TradingView
🖊 Use Trendlines: Utilize TradingView’s trendline tool to connect support and resistance levels.
📈 Set Alerts: Configure alerts to notify you when the price approaches key levels.
🔍 Combine with Indicators: Use moving averages, RSI, or MACD for confirmation.
Conclusion-:
✅ Trading channels are powerful tools for understanding market behavior and making strategic decisions. Whether you’re analyzing an ascending channel for bullish trends, a descending channel for bearish trends, or a parallel channel for sideways markets, mastering these patterns can elevate your trading skills.
📢 Start practicing on TradingView and refine your approach to technical analysis. Success lies in identifying opportunities and managing risk wisely.
Apple Inc. (AAPL) Technical Analysis –Potential Bullish Reversalhello guys!
let's analysis Apple!
Support Area (~$219 - $221): This zone has previously acted as a strong demand level, preventing further decline.
Target Area (~$252 - $254): A key resistance level where the price might face selling pressure.
Candlestick Signal – Bullish Engulfing:
The engulfing pattern indicates a potential reversal, signaling bullish momentum after a decline.
If confirmed with increased volume, it strengthens the possibility of an upward move.
Trade Setup:
Entry: Around the current price level (~$227).
Stop-Loss: To minimize downside risk, below the support area (~$219).
Take-Profit Target: Around $252 - $254, aligning with the resistance zone.
Confirmation Factors:
A strong breakout above $230 would validate bullish momentum.
A retest of support with a bounce would reinforce the setup.
The bullish setup would be invalidated if the price falls below $219.
Conclusion:
Bullish Bias: The pattern suggests a recovery towards the target zone.
Key Level to Watch: $230 as confirmation for an upward move.
Risk Management: Stop-loss below support is crucial to limit losses.
AAPL chart play out?Can someone give me feedback on the potential play out leading into next week. Do you see the price rebounding to 232 and selling down to finish out the chart pattern?
BTC vs APPLThis Bitcoin Chart Could Predict the Next BIG Move!🚨
CRYPTOCAP:BTC (left) is mirroring #AAPL’s (right) 2015 cycle:
🔹 Broke previous ATH → Parabolic rally
🔹 Final leg up? ($120K/$125k target)
🔹 AAPL corrected hard after this move
🔹 BTC could follow → $50K-$60K retest 📉
🔹 #Altseason usually kicks off as BTC enters its “red zone” 🔥
History doesn’t repeat, but it rhymes. 👀
#Bitcoin #Crypto #Altseason #BTC
UPDATE Apple still looking up but with a warning signal Apple’s kept its share price solid by not putting all its eggs in one basket. They’ve gone beyond iPhones with big wins in services, wearables, and future tech, giving them a safety net that competitors often lack.
We did an analysis for upside on 10 June 2025, and now it looks like the prices are holding for now.
The crucial level is $231.37. If it breaks below it will be a potential Head and shoulders to play out. But will let you know.
In the meantime, the same pattern applies.
W Formation
Breakout confirmed
Target $301.56
Apple (AAPL) Recovers 50% from Recent DeepApple (AAPL) Recovers 50% from Recent Decline – Technical Outlook & Forecast
Apple Inc. (AAPL) has made a strong recovery after experiencing a sharp decline earlier this month. The downturn, which affected several major U.S. tech stocks, was largely triggered by the release of China’s AI model, DeepSeek, on the 21st. However, the broader market has since rebounded, regaining much of the lost ground.
Technical Analysis
AAPL is currently trading at a key technical level, the 50% Fibonacci retracement of its recent decline. This indicates a partial recovery from the previous drop, positioning the stock at a potential decision point for traders.
Support Level: $231
Resistance Level: $260
Current Price Area: Near 50% Fibonacci retracement
Trade Plan
Given the recent recovery, I anticipate a potential pullback before further upward movement. My strategy is as follows:
Entry: Waiting for a pullback to $237
Stop Loss (SL): $231 to limit downside risk
Take Profit 1 (TP1): $260, aligning with resistance levels
Conclusion
AAPL's recovery from its recent dip suggests strong buying interest. However, market volatility remains a factor, so careful risk management is essential. Trade with caution and follow your risk strategy.
AAPL: Sell ideaOn AAPL, we are in a bullish channel situation. In such circumstances, we would have a high probability of seeing the market go down. This will be confirmed by the forceful break of the vwap and the support line.
AAPL Shares Drop Amid Trump’s Tariffs Despite Strong EarningsAAPL Shares Drop Amid Trump’s Tariffs Despite Strong Earnings
Last week, Apple (AAPL) reported quarterly earnings that exceeded analyst expectations:
→ Earnings per share: $2.40 (expected: $2.35)
→ Revenue: $124.3 billion (expected: $124.2 billion)
Zacks analysts called the results “favourable,” yet Apple’s stock movement tells a different story:
→ On 31 January, shares opened with a bullish gap around $247, briefly improving AAPL’s weak start to the year.
→ By 3 February, the stock closed near $227, marking a 7.4% decline over just two sessions.
The downward pressure on AAPL may be due to:
→ Shifting sentiment around U.S. tech leadership in AI, following the success of Chinese startup DeepSeek’s free chatbot.
→ Trump’s tariffs, particularly the new 10% levy on Chinese imports, which could impact Apple’s future performance.
According to BofA Securities analysts:
→ The impact on profits should be “limited,” as around 80% of Apple devices can be manufactured outside China.
→ AAPL remains attractive, with a “buy” rating and a $265 price target, supported by stable cash flow, strong earnings, and AI-driven opportunities.
Technical analysis of Apple (AAPL) stock shows that the price has been forming a long-term upward channel (marked in blue) since summer 2024, with the following key observations:
→ Bearish perspective: The price has sharply dropped from the upper half of the blue channel (as shown by the arrow), testing a potential bearish breakout of the previous uptrend (marked in black) from late 2024.
→ Bullish perspective: The lower boundary of the channel, around $222, may serve as a key support level, potentially preventing further declines.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Head & Shoulders reversal pattern: AAPL chartBeautiful symmetric reversal Head & Shoulders pattern is in the making.
We have three peaks with the highest in between called Head.
Left and right peaks are "shoulders".
The line between valleys of the Head is called Neckline.
This pattern reverses the price course at the climax.
Trading technique:
Sell entry is triggered on the breakdown of the Neckline
Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line)
Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)
