AAPL: Bearish Weekly Chart, 172 Possible Target
Updated
It is looking bearish for AAPL on the weekly chart, it has retraced back to the FIB golden pocket and FVG (Fair Value Gap). An entry at the current price (189.45) would give about 2.0 Risk/Reward play on the downside with a target of about 172.15.
This may take some time to play out since it is the weekly chart.
This may take some time to play out since it is the weekly chart.
Note
Apple target of 172 almost nearly reached , I already closed most of the trade in the 177 to 174 range for profit and only leaving a small amount left for runners. Stop lost moved to protect gains on runners.
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