AAPL - What To Do After BIG Apple Event ?
Updated
As a Trader, What Apple Story over night is it important ?
What important is interpret correctly what the Chart tell us After the event.
My humble view as below..
I can see Risk to Reward for this trade is up to 1:5 time.
Short Apple at current Price Stop at 129.
T1 116
T2 104
T3 93..
Sound Crazy ? Here is My Reason..
Reason 1 : The highlighted 3 Down Bar Candle is
carrying significant volume. 129 will be the difficult
level for Apple to cross over, Unless with Super Earning Call
Open with Gap up.
Reason 2 : Yesterday Closed with Dark Cloud
Reversal Candle with Significant Volume too.
Reason 3 : Good Risk Reward Ratio for Short
Side, Compare to Long Side.
What important is interpret correctly what the Chart tell us After the event.
My humble view as below..
I can see Risk to Reward for this trade is up to 1:5 time.
Short Apple at current Price Stop at 129.
T1 116
T2 104
T3 93..
Sound Crazy ? Here is My Reason..
Reason 1 : The highlighted 3 Down Bar Candle is
carrying significant volume. 129 will be the difficult
level for Apple to cross over, Unless with Super Earning Call
Open with Gap up.
Reason 2 : Yesterday Closed with Dark Cloud
Reversal Candle with Significant Volume too.
Reason 3 : Good Risk Reward Ratio for Short
Side, Compare to Long Side.
Note
T1 Hit.. Deduce 1/3 of your position.. Move Stop to 1 tick below Entry..Aim for T2..
Happy Trading and Feel Grateful Always..
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