APPLE MASSIVE SHORT
Apple is currently at the top of a rising wedge and has developed three counts of bearish divergence on the daily time frame. It has also completed a bearish cypher reaching the 0.786 on what seems to be a confirmation high.
The weekly time frame also shows that it has reached the resistance which has held on 4 previous occasions
https://www.tradingview.com/x/8gmr8q2Y/
I AM currently short with 75% of the position I want to take on this. I will add the other 25% at a higher price or I will enter at the break of the wedge. For now I only plan on closing the short at a price above 176, but it depends how we get there so I will update in the comments.
The weekly time frame also shows that it has reached the resistance which has held on 4 previous occasions
https://www.tradingview.com/x/8gmr8q2Y/
I AM currently short with 75% of the position I want to take on this. I will add the other 25% at a higher price or I will enter at the break of the wedge. For now I only plan on closing the short at a price above 176, but it depends how we get there so I will update in the comments.
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.