I'll admit, I am having a hard time predicting the market with this high volatility. My current guess is that we are heading down, but perhaps not before bouncing off the top of a descending channel. For AAPL, I have drawn this with a dotted purple line.
If AAPL breaks above the red line (and the dotted purple channel) I will change my position from short to neutral.
If AAPL breaks above the red line (and the dotted purple channel) I will change my position from short to neutral.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.