False Breakout Top

Very hard to argue that we have seen a false breakout top, because the volume was not light or below average last few sessions though price still hovering at and around previous ATH. There is a good reason to argue the volume was much lower from previous high's volume but to us is very insignificant. In order to make a good trading decision, you need to analyse the breadth, momentum and the volume and all indicate that there is only a good chance to see 105 area or retrace to HL4 which falls at 96 area. We have a short position open and still see target achievable to this area. Remember that AAPL is market leader, if market goes up so will AAPL as the long saying goes "Rising tide raises all boats" Site open for a new clients 2waytrading.com