A lot got left holding a bag of apples.
Daily time frame analysis
APPL had been in an ascending wedge between Sept. ’20 thru Dec. ’21.
Price broke out of wedge to all time highs. We thought this was going to the moon.
Price double topped at 181.00 and was unable to continue upwards.
Price has gone into a minor downtrend and broke down back into the wedge it broke out of.
Price in bear flag. Cue to short.
Short trade
Entry: 159.90
Stop Loss: 165.56
Target: 150.67
Risk/Reward ratio 1.64
Daily time frame analysis
APPL had been in an ascending wedge between Sept. ’20 thru Dec. ’21.
Price broke out of wedge to all time highs. We thought this was going to the moon.
Price double topped at 181.00 and was unable to continue upwards.
Price has gone into a minor downtrend and broke down back into the wedge it broke out of.
Price in bear flag. Cue to short.
Short trade
Entry: 159.90
Stop Loss: 165.56
Target: 150.67
Risk/Reward ratio 1.64
Dagangan ditutup: hentian tercapai
Stopped: 165.56will look to re-enter short trade if I see candle stick reversal off 20ema on daily
Dagangan aktif
Re-entering tradeShort trade
Entry: 168.53
Stop Loss: 171.04(-1.49%)
Target: 151
Risk to reward Ratio: 7.11
Dagangan ditutup: hentian tercapai
Trade was stopped at 171.04. -1.49%, -1R
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.
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.