AAPL has reached 135$ again and the price is re-testing its All Time Highs again.
The weekly structure has kept AAPL's price below it during 2015. Will it do it again.
A weekly bearish Butterfly also completes near 135$ - Adding weight to this weekly resistance zone.
Bulls should wait for a breakout, re-test of structure (as support) and then perhaps aim towards the completion of a bearish Crab near 160$. Personally I find it highly unlikely to happen in near term future... but the sentiment is strong and this is Apple!
Here you go, two potential scenarios - One bearish, one bullish... I'm with the bears here.
*Read more about this setup and more trading scenarios in my newsletter - Link in signature
The weekly structure has kept AAPL's price below it during 2015. Will it do it again.
A weekly bearish Butterfly also completes near 135$ - Adding weight to this weekly resistance zone.
Bulls should wait for a breakout, re-test of structure (as support) and then perhaps aim towards the completion of a bearish Crab near 160$. Personally I find it highly unlikely to happen in near term future... but the sentiment is strong and this is Apple!
Here you go, two potential scenarios - One bearish, one bullish... I'm with the bears here.
*Read more about this setup and more trading scenarios in my newsletter - Link in signature
Trade closed: stop reached
Note
132$ should provide support now. A close below 131.5$ will create a false break signal (bearish).
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.
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.