After putting in the recent high around $260, many insiders and politicians alike began to sell Apple stock and it has been dropping since.
At the moment, I am open to a potential ABC correction here with a rejection at the textbook 0.618 zone, where I will use a the pivot for the 1-1 trend based fib extension.
I have set some alerts at $210 for potential long trades and will be observing the reaction. We have confluence of the Value Area Low which may drop slightly as price moves into the lows.
Only time will tell!
At the moment, I am open to a potential ABC correction here with a rejection at the textbook 0.618 zone, where I will use a the pivot for the 1-1 trend based fib extension.
I have set some alerts at $210 for potential long trades and will be observing the reaction. We have confluence of the Value Area Low which may drop slightly as price moves into the lows.
Only time will tell!
Note
Note
Apple bouncing, but unfortunately looking like it is making a corrective ABC structure here. Target is the 1-1 extension. May entertain short trades at that zone. Note
Potential short trade to look like: Note
Missed my short by $3. Will wait to see how it progresses for potential dip buy Note
Target Hit, time to look for long trades Note
How you like that 
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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.