AAPL hitting possible resistance
Updated
It appears that Apple might be coming up on some strong resistance soon.
possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low
additionally my stochastic indicator is reaching the overbought condition.
will look to go short @110.55
all comments welcome
Thanks for viewing
Bud
possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low
additionally my stochastic indicator is reaching the overbought condition.
will look to go short @110.55
all comments welcome
Thanks for viewing
Bud
Trade active
Trade triggered on 4 hour time chart. short @109.90 SL @112.40
looking at a target of 102.26 next week which is the .618 retracement of this swing.
I'll let you know how it goes
Thanks for viewing
Bud
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