APPLE - Falling From The Tree!

20 Jan 2021Hello everyone, if you like the idea, do not forget to support with a like and follow.

APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend.

on H1: APPLE is forming a symmetrical triangle (pennant) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing low to form around it to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area (the entire structure) to sell.

When the sell is activated, a downward movement would be expected equal to the previous impulse.

and until the sell is activated, this one would be overall bullish and can still break the upper red trendline and test the all-time-high again before falling.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich