With the Fed’s interest rate decision approaching and headlines heating up around Trump’s position on Iran, we could start to see a pickup in volatility across the markets. Here's my take on Apple, which is setting up for a potential counter-trend long after breaking structure earlier this year.
On April 4th, AAPL broke below the key higher low at $195.50, which was part of a higher high / higher low structure. That breakdown could signal a possible shift in long-term trend, but given Apple’s strength and the broader market still holding up, I’m expecting a retest higher before any deeper correction plays out.
Here's the plan:
Entry Zone:
Looking to go long between $186–$191, ideally on a bounce off the weekly ascending trendline that’s been respected since beginning of 2023.
Golden Zone:
First target - Top of the current channel near $215
Second target - Reaction area around $221, where I’ll look to scale out and reassess the move.
Stop Loss:
Below the current swings low at $171.50. This gives the trade breathing room.
This setup may take a few days to trigger, and I’m prepared to hold for for a few weeks until targets are reached.
Would you buy the dip or wait for confirmation? Drop your thoughts in the comments.
On April 4th, AAPL broke below the key higher low at $195.50, which was part of a higher high / higher low structure. That breakdown could signal a possible shift in long-term trend, but given Apple’s strength and the broader market still holding up, I’m expecting a retest higher before any deeper correction plays out.
Here's the plan:
Entry Zone:
Looking to go long between $186–$191, ideally on a bounce off the weekly ascending trendline that’s been respected since beginning of 2023.
Golden Zone:
First target - Top of the current channel near $215
Second target - Reaction area around $221, where I’ll look to scale out and reassess the move.
Stop Loss:
Below the current swings low at $171.50. This gives the trade breathing room.
This setup may take a few days to trigger, and I’m prepared to hold for for a few weeks until targets are reached.
Would you buy the dip or wait for confirmation? Drop your thoughts in the comments.
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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.