Support line is broken out...if price closed below 107.70...it may fill the first gap and if it closed below 105.06 then it will keep moving down to fill the second one as well.
- AAPL officially broke its biggest trend since 03/23/2020...
- Huge spike in selling volume
- Descending wedge
- Punch right thru 61.8% on Fib from the last correction on 07/24/2020
- Momentum is down ward.
- Daily and Weekly momentums are scary...
And Mahtab_sh is right on... there will be 2 questions to think about:
1. Will it hit 99-100 support mark next week???
2. That would be a 78.6% retracement if it will... then when will it also be constituted as a down trend?
merabtene
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@dtpurple, I'm buying at 99 and exiting at 106, looking at this bearish momentum, I don't see it go straight back to all time highs, If it drops to 99$ and finds support there, it may range between 99$ and 106 for a while, maybe testing 99$ twice before breaking up. Just my opinion.
Something like this would be just perfect.
Every indicators out there telling me that it will continue coming down from cloud 9... there isn't any clear confirmation of which way it will move next... be patient and wait...
Remember to exercise all your due diligence b4 dipping your toe(s) to this market... these people are really generous in sharing their ideas... but we'll all human here... we could be wrong!
Mahtab_Tradia
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@dtpurple Yes ofcourse I know how much risky this market is and I never claim that I'm absolutely right! no one never knows what will happen next...btw, thanks for your comment👍🏻🙏🏻
dtpurple
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@Mahtab_sh, very nice of you to share your analyses... not sure if I offend you in anyway, if it is, my sincere apology... just want to remind new comers only... keep up the good works...
Mahtab_Tradia
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@dtpurple No need to apology, It’s my pleasure to receive different feedbacks to get better in my path...thanks
- Huge spike in selling volume
- Descending wedge
- Punch right thru 61.8% on Fib from the last correction on 07/24/2020
- Momentum is down ward.
- Daily and Weekly momentums are scary...
And Mahtab_sh is right on... there will be 2 questions to think about:
1. Will it hit 99-100 support mark next week???
2. That would be a 78.6% retracement if it will... then when will it also be constituted as a down trend?