Apple -> Make It Or Break ItHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is still retesting the previous all-time-high which is roughly at the $185 area and which is still acting as resistance.
You can also see that weekly market structure is still bullish, however Apple stock is a little bit overextended towards the upside after the recent 50% which was created over the past couple of weeks, so I do expect some short term rejection but then the longer term continuation towards the upside.
On the daily timeframe you can see that Apple stock is again approaching the previous reversal area at the $185 level from which we already had a harsh rejection towards the downside, but Apple stock might also be able to create a new all-time-high, so I am now just waiting for a clear direction and then I will upload another analysis for you.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AAPL
TSLA NVDA AAPL GOOGL AMZN MSFT | Detail Price Levels Trend Guide- TSLA bulls 4 hour time frame 12 EMA full bull control, Bears need to form a hourly downtrend as first step
- NVDA bull break lacking follow through, bears still need to confirm that hourly downtrend as well
- AAPL holding 2 day time frame EMA 12 full bull control
- GOOGL MSFT AMZN - potentially shaping up a daily downtrend
Apple Vision Pro Product Will Add Value To AAPL Stock
I wanted to share some exciting news about Apple’s latest Apple Vision Pro product.
This new device boasts some seriously impressive specs, including a high-resolution display and a powerful processor. But what sets it apart is its unique way of interacting with virtual reality. Instead of relying on clunky controllers, the Apple Vision Pro uses advanced eye-tracking technology to allow for a more natural and intuitive experience.
This could be a game-changer for the VR industry, which has struggled to gain widespread adoption due to its high cost and complex setup. With the Apple Vision Pro, we could see a new wave of interest and excitement in VR, which could translate into big profits for investors.
So, I encourage you to consider investing in Apple long-term. With their track record of innovation and success, I believe they have the potential to revolutionize the VR industry and bring it into the mainstream.
Thank you for your time and consideration. Have a wonderful day! Please let me your thoughts via a comment.
TSLA GOOGL AMZN NVDA AAPL MSFT |Sp500 QQQ Detail Market Analysis- TSLA extended to resistance, but still full bull control on 4h 12 EMA
- GOOGL MSFT AMZN potentially shaping up a daily downtrend
- AAPL strongest of big techs holding up still 2Day EMA 12 bull control guide
- Sp500 held support that was prior resistance
- QQQ 5th reject from golden pocket zone if big techs confirm daily downtrend QQQ wont be able to hold
Get Ready to Experience the Power of Apple's iPhone 15!Are you ready to witness the next big thing in smartphones? Brace yourselves, as Apple's upcoming iPhone 15 will take the tech industry by storm! With its groundbreaking features and cutting-edge technology, the iPhone 15 puts the company in a massive position of strength.
The rumors are already spreading like wildfire, and it's no surprise that Apple fans worldwide are eagerly waiting for the launch of this revolutionary device. From the sleek design to the advanced camera system, the iPhone 15 promises to be a smartphone game-changer.
As an Apple enthusiast, I cannot wait to get my hands on this incredible device. And I strongly encourage you to consider investing in Apple, as the iPhone 15 will be a massive success. With Apple's reputation for delivering innovative and high-quality products, there's no doubt that the iPhone 15 will exceed all expectations.
So, get ready to experience the power of Apple's iPhone 15 and join me in investing in this incredible company. Let's be a part of the revolution and witness the future of technology.
Thank you for your time, and I look forward to your thoughts.
TSLA AAPL NVDA GOOGL AMZN | Sp500 QQQ Market Price LEVELs Guide- TSLA CLEAR 12 EMA 4 hour time frame support guide
- NVDA falling Wedge Guide
- GOOGL Lead Bear of big tech bull break with no follow through on Monday
- AMZN potential setting a lower high on daily
- AAPL stronger big tech 2 day time frame EMA 12 perfect support guide
$U One for the WatchlistUnity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said NYSE:U has been steadily increasing revenue and finally made a .01 cent profit last quarter (Hey, it’s profit).
I have drawn in a blue line that seems to be an area of resistance since Sept 2022. There is also a green line on the chart which is an 18-month AVWAP. Coincidentally, they seem to be merging right now. That to me is important because “if” price can get and stay over both areas most of the resistance will be gone and it might be free to rise in value. All TBD. The other good news is that it is above the 40-week MA (white and all other shorter-term MAs). And finally, this is a nice long base, the longer the base the higher the move, or so it is said.
I have this on my watchlist with an alert set at 42.50 so that it brings my eyes back to this and I do not need to watch it every day. Ideas, not investing / trading advice.
Thanks for looking. Constructive comments always welcome.
Creating Your Trading Strategy: Simple Steps and Common PitfallsWhen it comes to using technical analysis for making trading decisions, a solid, simple, yet robust trading strategy is an essential foundation for traders to achieve consistent profits. However, constructing that strategy can be a challenge, especially for those new to trading, as there is an overwhelming amount of information out there. There are nearly countless books written on the subject of trading strategies. We want to simplify the process so that you can develop your own approach and get started.
Step 1: Determine your market, timeframe, and trading methodology
The overall first step in constructing a trading strategy is to determine: the market, trading methodology, and time frames you wish to take on. This will help you choose the appropriate indicators and approach to your trades.
There are several markets to choose from, but it is highly recommended that you pick one when you first start trading. It is easy to look at all of the opportunities present in the market and potentially overplay your hand by trading too many, which can lead to devastating losses. As an example, if you wanted to scalp the forex market, it would be best to pick one or two currency pairs to trade rather than trying to monitor all major currency pairs for opportunities.
Defining your trading methodology is another aspect of this step. Are you intending to hold stock or ETFs long-term? Do you want to swing trade or day trade cryptocurrencies? Maybe you believe you want to scalp the forex market. Doing your own research into these varying methodologies is a paramount step in formulating your strategy. Research all of them to better understand what they are and how they may fit your overall goals and risk tolerance.
Your trading style can help determine what overall time frames you are looking at. A long-term holder will typically rely on higher time frames such as the daily or weekly timeframe. While a trader who predominantly scalps may rely more heavily on the 1-minute or 5-minute timeframes. Choosing the appropriate time frames and sticking with them for your trading decisions will help you achieve discipline and consistency.
Step 2: Choose your indicators
When choosing indicators for your trading strategy, it is important to know that there are several broad indicator categories to choose from. Included in these categories are: trend-following indicators, momentum indicators, volatility indicators, and volume indicators. Trend-following indicators help traders identify the direction of the trend, while momentum indicators measure the overall strength of a trend. Volatility indicators help traders identify the level of price volatility in the market, and volume indicators measure the amount of trading activity taking place. Traders commonly pick a combination of these to be included in their strategy to help give a clearer overall picture of the potential market direction.
It is crucial to keep your strategy simple, so we recommend using 2-4 indicators at most. Choosing the right indicator combinations can be difficult, but is crucial to the success of your trading strategy.
While it may be tempting to use multiple indicators in the hope of finding the perfect combination, having too many indicators can do more harm than good. When you have too many indicators, it becomes difficult to make clear decisions. You may end up with conflicting signals that can cause confusion and lead to losses or missed opportunities.
It's important to choose only a few indicators that complement each other and provide valuable information about the market conditions. This will allow you to make more informed decisions and stick to your trading plan with greater confidence.
Step 3: Define your entry and exit rules
Once you have chosen your indicators, the next step is to define your entry and exit rules. This will help you determine when to open and close trades. For entries, you are taking the signals generated by the indicators you have chosen in step two and making a clear and definable set of rules for entering a trade. There can be other factors, such as market structure that play a role, but from an indicator standpoint, it is good to make these rules easy to follow.
Your chosen technical indicators can also be used to exit trades. For example, traders may incorporate moving averages into their strategies, and moving averages can be used for both entries and exits. Other exit conditions include having hard set take profit or stop losses. We covered this topic in our stop loss article a few weeks back (and we highly recommend you check it out). No matter how you decide to make your entry and exit rules, please ensure you implement proper risk mitigation techniques to protect your account, and in turn, help you grow.
Step 4: Backtest your strategy and practice, practice, practice
Before putting your strategy into action it is essential to backtest it using historical data. This will help you determine if your strategy is profitable and identify any areas that need improvement. Note that while backtesting is an important part of determining if your strategy is successful, past results are not indicative of future success.
Another aspect of this step is putting your strategy into practice. We never recommend diving straight into the deep end with your money before practicing. There are many free demo account options out there to get started. It is recommended that you find one that fits your needs based on the market you will be trading. The key part of this step is patience and carrying over that patience for when you are ready to go live with your strategy.
Common pitfalls to avoid:
When constructing a trading strategy, it is important to avoid common pitfalls that can lead to losses or missed trading opportunities. Some common pitfalls include:
Overcomplicating your strategy: Using too many indicators or rules can make your strategy overly complex and difficult to follow.
Failing to backtest and practice: Backtesting is essential to ensure your strategy is profitable and identify areas that need improvement.
Ignoring risk management: Proper risk management is essential to minimize losses and maximize profits.
Losing patience and jumping right in: It is easy for anyone to find a hot new indicator they believe is their edge in the market and to subsequently jump right into trading. Don’t fall into this trap as the outcome is seldom good! Take your time and become a student of the market you are trading, and a student of your strategy
In conclusion, constructing a robust yet simple trading strategy using indicators requires careful consideration of your market and timeframe, choosing the appropriate indicators defining your entry and exit rules, and backtesting your strategy. There are other aspects of technical analysis that could be tied in between the steps listed above such as market structure and patterns. However, the goal of this article was to make the process as simple as possible to help traders get on the right path. By avoiding common pitfalls such as overcomplicating your strategy, failing to backtest, ignoring risk management, and chasing after losses, traders can increase their chances of success in the markets.
TSLA NVDA GOOGL AMZN AAPL MSFT | QQQ SPY Price Levels Analysis- TSLA still relative strength compare to QQQ once we lose that strenth daily consolidation might be on its way.
- NVDA likely testing 366 soon, will be interesting to see the price action when we come to the gap territory
- GOOGL back to low of its chop zone support range- bull break lacking follow through
- AAPL still in daily uptrend holding better than its peers
- MSFT also weak losing its daily uptrend now neutral trend.
- QQQ still have daily uptrend intact
- SPY no red flags today held very well despite QQQ weakness money rotate into SPY sectors and IWM.
- VIX barely moved much due to money rotating around need every sector to drop for VIX to spike fast
AAPL VR-Headset cause EXPOLSION Rally😎Hi Traders, Investors and Speculators of Charts📈📉
Apple AAPL recently made a new ATH after its introduction of VR Headsets. From technical indicators, we can see that there is still a lot of buying strength in this rally which could likely result in the price going even higher. We use the trend-based Fibonacci Extension to get a possible target at roughly $220.
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A bit more on the Tech: The Apple Vision Pro AR headset is expected to offer advanced features, high-quality display, and immersive experiences. It is rumored to have a sleek design, lightweight build, and premium materials. The headset may incorporate both augmented reality (AR) and virtual reality (VR) capabilities, providing users with a wide range of interactive and immersive experiences.
One of the key concerns with this technology is the pricing. The Apple VR headset is expected to be relatively expensive, potentially limiting its accessibility to a broader consumer market. Another concern is the potential for motion sickness or discomfort during extended use, which has been a common challenge with VR headsets.
The introduction of Apple VR headsets can potentially change the way we do things in the future. Firstly, it can revolutionize entertainment and gaming experiences, offering users a more immersive and realistic environment. Additionally, it can have significant implications for industries such as education, training, and communication, providing new ways to learn, collaborate, and connect with others remotely.
Overall, the Apple VR headsets hold the promise of delivering cutting-edge technology and innovative experiences, although there are considerations regarding affordability and user comfort that need to be addressed.
Would you get one?
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TSLA NVDA AAPL VIX | Market SPY & QQQ Price Levels Trend Guide- TSLA decent monthly uptrend follow through relative strength to QQQ today
- NVDA relative weakness to QQQ today but still holding on to key levels.
- AAPL no bear follow through today after yesterdays drop, todays sideways range will break tomorrow is key
- SPY relative stronger than QQQ today, XLF KRE IWM all participating in money rotation today.
GLOOM AND DOOM ON THE DAYInteresting day yesterday for $$NASDAQ:AAPL. The stock hit all time highs, and then sold off. Jim Cramer says that its a pullback and he is short, and that is normally a very good reason to go long. However, that outside down day bar is pretty ominous looking. There is also an unfilled price gap lower and that could act as a magnet to the down side.
Even more interesting is pubic sentiment towards $NASDAQ:AAPL. My very, very unscientific but thorough review has to do with AAPL's new product. The World Wide Developer Conference was yesterday and it showcased the release of Apple's new googles--wait goggles. Kind of pricey at $3500, making it one of AAPL's more expensive offerings. Initially, people thought it was kind of hokey and crap, which was the news on the buildup to the release. However, later in the day, many on Twitter sounded excited about the googles, including @TheShortBear. IDK, I am an intraday trader and use 1M bars, but my bias on AAPL is short. Since AAPL weighs so heavily in the CME_MINI:ES1! (No. 1 weighted stock in the index) and the CME_MINI:NQ1! (No. 2 weighted stock in the index), it could be like that old Dixie Chicks song, "If I fall you're going down with me."
If AAPL falls, the ES and NQ may go with it.
Remember positivity starts tomorrow.
APPLE (AAPL) Analysis - W3 develop
Save time. Technical Analysis in just a few words.
Daily Timeframe. AAPL is currently developing a bigger 3rd Wave on the upside.
Long term direction: LONG
It looks like Wave 3 is still unfolding on the upside. A correction will come soon, then a final Wave 5 will push on the upside (probably by the end of the year).
That's it. Have a nice day!
DISCLAIMER: The ideas shared in this context are strictly for educational purposes and should not be considered as financial or legal advice. Each individual bears full responsibility for their own trades and decisions.
Get your 'headset' around Apple's key reversal dayWhat costs $3500 and leaves the user vulnerable to being pranked from ‘friends’ whilst wearing it? Yes, Apple’s augmented reality headset, which comes in ~3x more than one made by Meta. You can read up on all its features and Apple’s latest announcements elsewhere. As what we’re focussing on today is that Apple’s stock closed lower on the day it unveiled its latest anti-social device. And the fact it occurred after a false break to a fresh record high should also serve as a ‘reality’ check to bulls. At least over the near term.
Sure, the daily chart is clearly in an uptrend. But it has hit a stumbling block at its previous record highs set in 2022. Moreover, RSI has reached overbought and the day closed with a key reversal bar – which is a bearish outside / engulfing candle on high volume, which suggests all is not well at these highs. Furthermore, the OBV indicator (on balance volume) has failed to break above its own cycle high despite prices continuing north which suggests potential weakness to the underlying trend.
From here, bears could either seek to fade into minor rallies within the key reversal day, and set an initial downside target around 157.77 gap support. A break beneath which brings the 170 handle / 172.15 HVN (high volume node) into focus for bears.
RRR setting up for a massive profit run?I have several time frames I have charted for this going over everything I see. RRR is red rock resorts in Las vegas nevada, and both my fav casino which is off strip about 15 mins and one of my fav stocks to play.
I am huge on wyckoff , demand and supply, volume tracking, price targets based off the prior, and control box master pattern targets ideologies.... I also have my ESVO lines or ribbon that also encompasses volume and price. Combining all of these things paints a picture across all time lines and when they match up its set to run!
I have used this same TA on my AAPL, ENPH (up and down), AIG, GNRC, Li, IOT, Bili, TRKA, & PSNY, option plays. I enjoy looking far out to see what the end result is going to be and then aligning all the time frames to optimize the in and out. a lot of times when you look at larger time frames you are caught in the up and down which can mess up your theta on an option play. So thats why in this trade I am aligning all the time frames. the only one left is the 15 min time frame. which I will post an update to this when I finish this post.
Do me a favor if you find any of my info intriguing pls hit the boost so others can see it.
by iCantw84it
05.17.23
TSLA NVDA AAPL | Market SPY QQQ Detailed Trend Guide- Tesla TSLA broke above monthly uptrend today, and lacking a little follow through due to QQQ being flat, although there is still 25 days left in the month so still got time.
- Nvidia NVDA forming a 4h equilibrium, also potential H&S
- AAPL looking like sell the news, potential blow off top but need a lot of a bigger drop for it to be a blow off top.
- SPY and QQQ testing golden pocket ratio zone resistance.
APPLE Made a new All Time High! Can it extend the gains?Apple Inc. (AAPL) just made a new (historic) All Time High (ATH) today by breaking above $183.00 and is simply extending the rise on the Channel Up pattern that started on the January 03 2023 market bottom. At the same time it has already hit our short-term target (165.00) and is near completing our final target of 190.00. This is the target set we called for on our last Apple analysis on March 06 (see chart below):
The basis of this target is the 2.0 Fibonacci extension from the Right Shoulder of the Inverse Head and Shoulders (IH&S) pattern that priced the January bottom. The 1D RSI however has reached a level, the 76.50 Resistance, which since last August has caused two rejections. We do expect a rebound on the 4H MA50 (yellow trend-line) but if broken, be ready to add buys on the 1D MA50 (blue trend-line) which has been holding as Support since January 25. The long-term Support from now on is the 1W MA50 (red trend-line), which is traditionally the Support on new multi-month rallies such as the current one.
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