Apple -> Pump Might Be Over NowHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite massive previous weekly resistance area at the $180 level which is now definitely pressing price lower.
You can also see that over the past couple of weeks, Apple had a massively bullish rally of about 45% towards the upside without any real correction, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside continuation.
On the daily timeframe you can see that market structure is still massively bullish overall, there is no sign of Apple stock slowing down yet, so I am simply waiting for some bearish rejection at the current levels before I then do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AAPL
$AAPL , Analysing Trends, Patterns, and IndicatorsNASDAQ:AAPL
Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals.
In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you.
My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market.
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Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NVDA TSLA MSFT GOOGL AAPL AMZN | Support & Resistance Guide- Support & Resistance guide for all 6 big tech stocks NVDA TSLA MSFT GOOGL AAPL AMZN
- psychological 1 trillion dollar level for NVDA 405
- TSLA wedge pattern still in play
- zero red flags on the chart for MSFT and AMZN need hourly downtrends to confirm for any signs of bears
Is Paypal a Memestock?Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective.
While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now.
What gives? The company still throws off more than $30b in revenue a year, pricing it at only 2.5x sales???
A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers.
Maybe NASDAQ:EBAY will buy them back?
$AAPL: Trend continuationNASDAQ:AAPL defied expectations with its latest quarterly report, beating earnings and revenue estimates and providing a bullish outlook as well as announcing a stock buyback program and raising the quarterly dividend for the 11th consecutive year in a row.
Time@Mode, which I use to spot actionable opportunities, confirms this breakout as the start of a new trend and indicates a potential for further gains by May 24th before consolidating again after that date. By looking in a detailed manner at the price action surrounding consolidations, I can identify patterns and signals that suggest when to enter or exit a position, or set a stop-loss or take-profit level. This method is based on rigorous research and testing by my mentor @timwest, and has delivered consistent results for me and my subscribers ever since 2015. Recently I've made progress automating it and using it to detect opportunities in various markets effectively.
Keep an eye out for the key earnings support level outlined here, were the stock to retrace and hit it, it would be a low risk buy entry level oversold declines after this trend pans out after the end of the month. Buying strength here is fine as well, would be my first option to join the trend, but it is important to be aware of where a stock reported earnings each quarter.
Best of luck!
Cheers,
Ivan Labrie.
AAPL short position before new ATHThe price is approaching previous all time high where we should see some resistance and profit taking.
It's an area where we can speculate on a short position with a stop loss.
The price has already broke above the upsloping resistance line, so we expect the price to go into discovery mode, however before it's happens we expect that the previous resistance will be back tested and confirmed as a support,which would be our target for a short position.
Once the support is confirmed you can flip bullish.
Apple -> Leading The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is approaching a quite obvious previous weekly resistance zone at the $180 level which is now turned resistance again.
You can also see that over market structure is still massively bullish, I am also definitely expecting new all-time-highs on Apple so I am now just waiting for a short term rejection and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Apple stock is still creating bullish market structure with the recent break and retest of the $175 level, so there is still no sign of Apple slowing down, so I will just wait for a short term correction before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZN TSLA NVDA MSFT GOOGL AAPL Technical Analysis Guide- Most tech stocks are still in a healthy daily uptrend but most are testing its support area.
- the size of the pull back will be key for me to determine if we have more fuel for these stocks on the upside
- larger pullback size will allow bears to make moves on the next bounce
$AAPL still strong, but with some exhaustion risk (?)Apple one of the leading names so far on the year, still going strong.
Especially after it took out high of last August (see 2W chart), now could face some exhaustion risk.
On track to take out previous year high, let's see how it plays out.
No chasing for me, not according to plan.
PAA finally made its move into profit runPAA finally broke out into its profit phase....but what does that mean from here. Honestly, I think we have another Buyers climax coming before we need to worry about a major pull back or consolidation at this level.
All the seizure induced lines you see that arent channel lines are ESVO lines. This is where price and volume meet in the middle.
So wtf does that mean w8?
*clears throat*
You're right, no need to be rude. (voices... trying to keep them at bay)
So what that means is where you see the lines consolidating at is where Price and Volume were sympatico or saw eye to eye. In other words its where Bears and bulls were kind of hanging out and having coffee and a smoke, or beer and some medicinal weed depending on what kind of bear or bull you are. I don't judge.
Anyways price and volume kind of moves harmonically, like the first week of a Honeymoon, before you set the real you out on display for life.
*clears throat*
Yes, Yes I hear you. I digress.
So price moves fluidly as volume increases price moves with it equally... Bears sell price drops almost equally in size....Bulls by price moves equally to the amount of volume coming in. This can be areas where Huge swings in the market can happen.... Breaking out of channels, mark up phases or mark down phases where 3 cycles of price movement in any one direction tend to start from these areas.
So when the ESVO.....
*clears throat* ....Seizure induced lines.... are spread out they are basically saying that there are different time frames of traders each with their own areas of harmonious areas of price to volume balances that will create a disruption to price movement as the two time frames find a common ground. Depending on how strong this group of traders is to the next and how deep in magnitude it is compared to the other will determine if:
A. they are meet with open hands and smiling faces ready to skip through fields of flowers hand in hand into the sun while.....
*clears throat*
You never let me have any fun.... or
B. Slam right into it at 70MPH across heavy 6pm traffic without any respect to the stop light that has been on for a good 10 seconds.....
I am sure you can guess what happens on B. Price halts, spins, slides in the opposite direction, possibly gets hit by another vehicle coming from a different direction, maybe 2, 3,4,5 other vehicles all from different directions.....I'm sure you are invisioning one of those multi level clover shaped turn abouts that meet a main cross road......but you get the idea... it can be the death of a move or it could send this thing into outerspace....
Normally though its more B then A.
So all of that just to say it can stop moving up.... Calm down! I am getting there.
Lets digress a few steps back here..... Back to when the Equilibrium Singularity Volume Oscillators lines are together.... now you know why I call it ESVO. Believe it or not ChatGPT helped me code this and name it after a few back and forth debates on ....
*clears throat*
Jesus! ok When the lines are together and price makes a move from underneath them to up above. It needs to find support on these lines. If the lines are all together its like a spring board and just bounces. So a temp pull back to this area before moving on.
If the lines are spread apart its like a spiders web it will still bounce out if its strong enough but there will be some energy spent on finding support. It might fall through several layers of the lines before finding the one that can support it. Think of a Jet on a Aircraft Carrier with its net out as a jet lands and hits the end of the landing zone. Sketchy!!!
But if Price action has already popped the ribbon (this is what I call it in this move because it turns inside out as price goes up and down ) and failed to stay on top once, the second time is the one that will make it 90% of the time....I haven't truly measured this but I have been using this for 3 months now and I have found this to be pretty accurate. I will devote some time to verify the actual number. If you follow me and have looked at my last 10 trades you would probably agree with me.
Now the last thing out side of failing is price can lose enough momentum when coming down to find support that the profit run turns into what looks like consolidation at this level because of the lines being spread apart and it not having enough momentum to break out of them again... which tends to mute the move and eventually causing it to drop to find another level of support with stronger hands to carry it up.
There are endless things I use the ESVO for but for this trade I will stop at that.
Where does this meet how I trade outside of this indicator?
I am a very technical outside the box trader that has spent 2 years teaching myself how to trade without any influences from the outside world. I made my own rule set for what I saw in the market. Which is what I call "the Curve" I have acquired savant syndrome which was originally diagnosed as have gaining the talent of Art after a traumatic brain injury. 1 in 227k trauma cases on the left upper back side of the head has a chance of this happening. I couldn't paint or draw a face to save my life. After the wreck I was instantly able to paint near realism. Odd but true. What I have found is that I see and learn things in a odd way visually able to gain knowledge or insight into things I have no idea about instantly. When I looked at the market 15 years ago, I couldn't trade a demo account to be positive if my life depended on it. When I looked at it for the first time after my wreck I saw what I call the curve. Which I instantly said that is the pattern of institutional trading. I didnn't even know what that meant when I said it. I actually had to look it up. That's what dragged me into the market.
I call it divine intervention. -emotional side
Or
Is it a different parallel version of myself that already trades and this part of my brain no one has access to unlocks the bridge to the knowledge another version of me already has? -Logical side of me
Either way I see things differently now.
again I digress... After teaching myself for 12-14 hrs a day for two years (because I became a shut in after my wreck as I didn't have insurance to help at the time -inbetween jobs just moved to new bigger city)- and had no one to say hey you should go see this or go talk to this person. or hey w8 you have a few screws loose.... So I painted all hours of the day and night and traded or charted the market the rest.
They call this a growth phase. Where you take in and focus on yourself and grow at an accelerated state. anyways....After coming up with my own rule set I wanted to see who trades like me so I can grow and adapt to what is probably a lot more technical than my visual style of trading. I found wyckoff method of trading. The Curve fit prefectly in this. Now I had a technical way to explain how I traded visually. I thought I was invincible until I blew $4k on a futures acct. BTW if you have never blown an account either you are like the chosen one who shall dominate the market and take over the world......or you just haven't gotten there yet in your path. But I feel this is needed to 1. create a sense of gravity and bring your ego back in check. 2. to identify your Greed and the need to gain control of it.
I didn't know that I had this monster....because I was a narcistic prick before my wreck and well yeah Greed was a driving force in my success before my wreck.
So i needed to numb my emotions, which I am driven by emotions or was.... Before I would make decisions off my passion and emotions. True sith for real! However, like everything else the Universe will find balance. Now when i make a trade I try to remain very logical about everything and look for reasons why it wont work on several timelines so I can at least anticipate what will and can happen.
I know I went on a tangent there but I feel its important that if you like the way I trade or find any of it intriguing that you understand where I come from , how I got here, what is going on in my head, why I say what I say or see what I see.
I love to chart, so please ask me to chart something. A chart is a chart, so it doesn't matter what you trade I can chart it.
Back to how the ESVO works with how I trade on just this kind of move where price moves above the ribbon.
This is where the Mark up phase starts when the lines are tight together and price moves above it. Its also the part of the Master Pattern (another wyckoff spin off which is heavily used in forex...ewww) in the master pattern this is where price has oscillated and expanded away from the control box(called expansion arms) and then solidified on a trend (called trend phase) so basically two control boxes are made high and low and price bounces and respects both boxes until it breaks out. This is the mark up phase or mark down phase in wyckoff. This can happen on every time frame. So that's why I start large on something at least a weekly if not longer. But then go backwards down to a 15 min to find confluence on same move happening before I make my trade.
On this trade it was confluent all the way back no confusion. The lower time frames are probably over bought at this point on the RSI and Stochs. Which is normal and you will see them pull back to find support so that the Larger time frames don't have too. Larger time frames can have large moving candles that just keep going up before they break into consolidation....meanwhile all the timeframes below it are accumulating and re accumulating, distributing and redistributing.
Which is another way I trade. I have always been fascinated with the fractal part of the market. I have been fortunate to witness several massive moves in futures that spanned 3-5 days where every time frame was on the exact same move and then almost pauses...until the last timeframe also the smallest catches up and passes the other timeframes and starts leading the move. Being followed by each time frame going from smallest to largest in order. Each time a time frame would cross this threshold a surge of pressure in the direction of the move would hit and price would jump forward. In my situations they were shorts and price would jump down .05 , .10 , .25, .50, 1.00 , 1.35, 2.25 so on and so forth... it was amazing and scary at the same time.
The reason I line up the higher to the lower is because the higher can be saying Bullish but the lower could be saying hey I have too much supply and need to absorb this before I can go up. Or I need to find support before I am confident I can go up. So instead of saying hey jump in on this and making you wait a week.... which has happened recently...I added this in to help alleviate that.
*clears throat*
I hear you! Yes I know that was long, shut your face! I am the one in control here...... i hope
if you find any of this amusing and/or intriguing pls follow and like... Most of all boost ( pssst...... hey its free, trust me.) *Clears throat* Sorry ignore him. Boost helps others find me and pushes this back out there each time... I can make videos of trades but I won't do that unless its requested or I can get enough boosts to my ideas that deems someone is actually watching.
Thanks for taking the time, sorry so long.
by iCantw84it
05.19.23
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
My Next Wycoffian Trade is AIGIf you followed me on the GNRC you would very happy right now.... as it went up $17-20 today. That got me starting to think I wonder if there is another one out there waiting? And then I found this. Stay tuned for more info.... Lets keep in mind this stock did consolidate at over $990 for what looks like a year or more.... Now $50?!
Trade #2 of 5 BILI Puts and CallsObviously if the market goes against my bias this trading plan is no longer viable....at that point I will just make a new one to support what I see. However with the recent decline in its financials and on going poor performance, this cash cow is getting kicked to the curb by all institutional and or being slammed into the earth like a seed in hopes that it will someday blossom into some man eating plant. Its an anime company so, totally do able. I've made a 5 trade plan to support what I saw when I first started trading BILI last week. If you like what you see or are intriqued pls like / follow / and Boost so others can see it. Thanks.
by iCantw84it
04.10.23
SPY & QQQ Bull Break - Can we Trust this Move?- SPY trading double top at FOMC reaction highs from April
- QQQ Clear breakout but AAPL didn't participate that much
- Money rotating from AAPL into GOOGL and AMZN
- NASDAQ rising wedge still in play, but QQQ broke out of the rising wedge
- SOXX semi sector at potential H&S resistance, if it breaks out will give QQQ more fuel for upside.
- NVDA new 52 week high in sell zone now.
AAPL: Big correction ahead? Only if it does this...• AAPL just reached a short-term support line on the 1h chart, around $170.93;
• This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3;
• So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main resistance line of this congestion;
• Although AAPL is correcting on the 1h chart, the daily chart is still very bullish. We see nothing but higher highs/lows and AAPL is trading consistently above the 21 ema;
• In theory, it could correct a little bit more, to the 21 ema, and that wouldn’t ruin the bull trend. The 21 ema is at $169.43 now;
• Therefore, the area around $170.93 (1h) and $169.43 (D) is a dual-support area on two different time frames. Only if AAPL loses this dual-support area we would see a sharper correction, maybe even a top signal on the weekly chart:
• However, as long as AAPL maintains its bullish structures up, there’s no reason to concern. I’ll keep you updated on this.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SPY & QQQ Market Update | Support & Resistance Guide- SPY 1h &4h Equilibrium likely breaking in the next 2 days
- QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge
- Retail Earnings Week
- Core retail sales data tomorrow 8:30am EST