1W head and shoulders

10 Apr 2023

• 1M for AAPL is descending and the trend will be reversed only after the monthly candle is fixed above the red block.
  
  
• 1W - Has already broken the downtrend by breaking through the green block while forming a head and shoulders figure. Now the block becomes a mirror support level.
  
  
• 1D is ascending and the price is going to test the trend reversal level (dark green)
  

The main disadvantage for entering the long is the pin bar at 1W and if it were not for the head and shoulders, this is a 100% signal to shortists. But for now I consider it as a signal to start a correction to the green apple, especially since all indicators confirm growth.

Trading Plan:
Purchase at the current price by 30%
70% I will look for an entrance in the green block at 4h-1D. With short stops.