Hi Traders,
Looking at Apple Stock today on the 1-hour time frame.
We see a nice potential triple bottom playing out.
Price has been respecting the descending trend line as well as the neckline of the triple bottom.
Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it.
Once the market opens, I will be looking for a retracement back into the neckline.
My long position will trigger then and my targets are previous resistance.
Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha )
Have a good Tuesday!
The Vortex Trader
Looking at Apple Stock today on the 1-hour time frame.
We see a nice potential triple bottom playing out.
Price has been respecting the descending trend line as well as the neckline of the triple bottom.
Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it.
Once the market opens, I will be looking for a retracement back into the neckline.
My long position will trigger then and my targets are previous resistance.
Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha )
Have a good Tuesday!
The Vortex Trader