Hi Traders, Sharing daily time frame chart of Apple and key levels marked on provided chart according to my observation.
So as we can see that after a parabolic move from 125 to 195 levels currently price is trading in a falling wedge near to 172 levels these levels coincidentally adjoined with a strong support prior was resistance and with 200 Ema too, if these levels will break and price close below flip zone we can see below marked targets or if price will bounce like earlier it bounced from same spot and break wedge resistance and close above we can see above marked target.
Let's see it will respect 200 EMA and support zone or not.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
So as we can see that after a parabolic move from 125 to 195 levels currently price is trading in a falling wedge near to 172 levels these levels coincidentally adjoined with a strong support prior was resistance and with 200 Ema too, if these levels will break and price close below flip zone we can see below marked targets or if price will bounce like earlier it bounced from same spot and break wedge resistance and close above we can see above marked target.
Let's see it will respect 200 EMA and support zone or not.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Nota
Hi mates as we can see price going good towards target after breaking resistance target one, Now technical observation is on weekly chart is that price gives a 9 weeks higher closing which was higher close from previous swing top too so we can assume that higher high formation could be start again from here and by this price action i assume that it will give more intact to price for going in upward direction againWeekly Chart-
Published Chart aslo looks good and strong now, broke a long swing too
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Penerbitan berkaitan
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.