To answer this question let's break it down:
Multi-Timeframe Analysis:
Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)
Daily Chart: First higher low with above-average volume! early bullish sign!
Weekly Chart: 6 weeks price decline in a row! (Bearish)
Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)
An alternative scenario:
Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!
I prefer to wait for a more reliable entry point
Multi-Timeframe Analysis:
Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)
Daily Chart: First higher low with above-average volume! early bullish sign!
Weekly Chart: 6 weeks price decline in a row! (Bearish)
Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)
An alternative scenario:
Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!
I prefer to wait for a more reliable entry point
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.