APPL's TP price for the bears1. Price is trending within the down channel perfectly.
2. Purple color:
The price broke below the horizontal support of the ranging zone (0 to 1).
And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2).
3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support.
4. Orange color - another strategy to use in this scenario: Down "N" strategy:
Key move --> rebounce --> (following an N pattern)
After breaking the purple ranging zone 0 to 1 (the rebounce), the market would be highly likely to repeat the key movement (the orange force). Therefore, the bottom of the orange box could also be a strong support.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
APPL
🚘 Tesla Is Leading The Stock MarketJust as we believe that bitcoin will bottom before the S&P 500 Index, in the same way we believe that Tesla will bottom before the other major tech giants.
At present time going down fast and strong would seen like something really bad.
A stock dropping is surely bad for the investors but these markets move in cycle, they go up and down, up and down...
At a later point in 2023, things will turn around.
You will see the Tesla (TSLA) stock growing while other tech giants such as Apple, Microsoft and Google will still have a long way down to go.
This will be a positive for Tesla investors, as they will be seeing their stock growing while everything else is still searching for a market low.
Out of crisis, opportunity comes.
Once we hit bottom, the only place left to go is up.
This major downturn we will see in 2023, we will turn into a positive once it is over and done.
We learn from mistakes.
Out of tough situations innovation and evolution is the result.
Look at Bitcoin/cryptocurrency as an example, it is the result of the 2008/09 fiasco.
Namaste.
APPL APPLE BEARISH DIAMOND CONT.It appears to me that a bearish diamond pattern is coming to an end - based on the qqq's direction and the overall sentiment on the direction of the entire market I would wager that its going to eventually (soon) break the lower purple line (140.15) which represents a heavy volume/price area. As you can see that level has been an area of strong adherance throughout the entire diamon thus far. It is possible that the pattern will make one more small push to the upside towards the $145 level however that pop should be short lived.
Overall PT 1 is $135.64
PT 2 - 131.04
Both the 1/20/23 $140 PUT strike as well as the 2/17/23 $140 put strike have heavy open interest and look like a safe bet with plenty of time. However I do think the trade can be exited for profits well before those expirations.
Market Update 12/18/2022TimeStamps:
VIX 0:00
APPL 1:03
NDQ,DJI,SPY 5:12
BTC 6:24
DOGE 8:38
HD 10:50
DKNG 14:00
META 15:18
PYPL 16:18
Just an overview since the last video and some thoughts moving forward.
I hope you all are doing well. Sorry for not being on as much as I used to. I hope to be on more in the future.
Apple Decision time Apple has made a symmetrical triangle pattern showing current indecision. depending on market environment it'll either break down it break out. could fake out either way depending on macro but I believe apple will touch the trend line again at 120 and potentially even lower in a major crash event. obviously apple is a great long term hold and will be buying at 120-100 levels if it reaches there. what do you think?
Market Update 12/05/22: VIX FocusedIm too lazy to put timestamps in for this video. The first 4 minutes I go over the VIX and what I expect moving forward.
The market is kind of wonky so maybe anything can happen.
Long story short, last week the VIX hit two big targets: 19.8 and 19.08. I think we may stay in this area before moving up as long as we start the week somewhere slightly above 20.37. Though the VIX looks more bullish than bearish at the moment.
Market Update 11/30/22 Timestamps BelowReal support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down.
Time Stamps:
VIX 0:00
APPL 11:00
NASDAQ 14:39
DXY 15:40
BTC 16:50
SPY & DJI 18:22
Taiwan Semiconductor - A Precarious Situation, Warren Bought...Apple apparently uses TSM chips with plans in the future to use more. My old friend Warren bought some recently, I noticed a gap in the chart after he bought. He bought quite a lot... I am wondering if we will fill the gap then go up. Or is it possible that we could go lower after testing the gap? Could Warren B wrong? This is one tough chart to predict! Just pointing out important levels where we can pivot. NFA, DYOR.
Info to consider:
Apple is a priority customer for TSMC's advanced manufacturing process. According to equipment manufacturers and Apple's production chain, Apple will use TSMC's 3nm wafers for the first time in the second half of the year.
seekingalpha.com
Market Update 11/29/22: APPL, VIX, DXYThe Quality of the Video is 3x better if you full screen when watching.
I still feel like there could be some bullishness coming in here. I am not sure if this bearishness will stick. I go into more depth in the video.
I am looking forward to seeing where the vix starts/goes tomorrow before the market opens.
IBM - Harmonics (theory)The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure.
The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as 0.50 Fibonacci retracement of the XA leg, but it can’t break below the 0.618. This will create the B leg of our Bat pattern.
How to trade the bat pattern
The next thing we’re going to look for is a retracement of the AB leg up to at least 0.382 Fibonacci ratios, but it can’t go above 0.886, and this will create our third point C of the harmonic Bat pattern strategy.
The last thing we want to establish is the D point and in order to get to the D point, all we do is to find the 0.886 Fibonacci ratios of the impulsive XA leg, which will result in a deep CD leg and finally it will complete the whole Bat pattern structure.
In the current scenario, I presented also a surprising correlation between the time cycles, where the X and A leg time frame could indicate potential CD range. As described above - if this scenario turns true and price action will indeed form a bullish harmonic bat here, the initial retracement could potentially reach levels of the previous low of this cycle (X).
This is just a tutorial and an idea for a potential Long, at the bottom of the formation and end of the current time cycle - nevertheless, I mark this idea as Neutral and place IBM in my 'watched' list.
Pre Market Outlook. APPL, BTC, GoldTimeStamps:
APPL 0:00
NASDAQ 2:57
BTC 5:55
DXY 8:33
VIX 10:05
GOLD 13:24
DKNG 15:28
TLDW: I want to see appl start above 155.50 on the day and preferably the week time frame candle as well. There looks like a strong price range between 155.50 and 169, which looks like easy money.
Things still look worse than better, but at least there are fairly well defined points to where things look good to trade.
Though DXY and VIX both look fairly likely to keep moving down, it doesn't seem that the market is going up as much as they are going down which could be another problem.
Oil getting hit pretty hard doesn't really help anything here either. The actual economic outlook is horrible and people are still spending more money than they have.
I don't see how things get better (in real life), but I'm not sure traders or bots care about actual data outside of charts.
Pre-Market Update 11/16/2022TLDR; I don't like where the price is now. We are close to the old highs before the last drop for many things.
My plan is to wait for a small drop or a small raise in the price before taking any further action.
I do have a fairly large concern with what the dollar will do and the overall strength it may have in the mid to long term future. Though there really isnt much to trade based off of more than what we can already see currently happening.
Appl short ranges: under 146.24 to 142.65 and 142.60 to 138.00
Appl long range: above 156 til 169
Appl currently: Im neutral
"The" Daily Market Update (Centralized)As I am permitted, this core idea will have a daily video update every day besides Saturday. These updates will ALL be videos in my usual format and each will be 'IDEAS' themselves: As opposed to a screenshot with words. This is key, because any Intra-Day update that I make in regards to that idea (same day update) will have the update within that idea. So clicking on that daily update may have more updates past the initial one.
The purpose of this is to further consolidate and reduce clutter that may build up over time and by doing so I hope that you can get an understanding of my thought process by quickly being able to refer to previous days, as well as having any comments/questions answered in one centralized location.
I believe I started (specifically) doing the regular daily updates from September 7th, so it only goes back that far as of now. I have done some here and there, but want to keep this idea as clean as possible for everyone.
Related Ideas linked below are some of my more important ideas that I often refer to.
I stream every weekday: 15 minutes before the market opens and at least 15 minutes after the market closes. I also stream Sundays 30 minutes before the Week candle Change on BTC.
Some other key information regarding TradingView Subscriptions:
1) I do not believe it is needed (for me) to be able to analyze and trade anymore, BUT it is key for going over old data to train and is HIGHLY worth considering when you want to take your trading to the next level. I may not continue with the Premium next year, but I will NEVER not have a TradingView Subscription; Just as I will never eat unhealthy food again. There are certain things you do not go back to. Being subscription-less is one of them.
2) If you feel comfortable analyzing and want to try new things, I HIGHLY recommend taking a look at the subscriptions levels and features, because on which you choose you can get access to many amazing features such as:
a) Volume Profiles (Horizontal Volume)
b) 20,000 bars worth of data
c) Intra-Day Replay (Very useful for accurate back-testing and training)
d) Multiple charts at once (Easier for me to compare movement to find correlations)
e) The ability to make video ideas.
In the spirit of being fair, I must mention one small drawback in regards to one feature of the premium plan. This is only in regards to anyone that streams regularly on TradingView and 9.9 times out of 10 will not apply to the average user. I explain an incredibly easy work around at the bottom, so make sure to check that out.
The "Premium Plan" allows your streams to be "saved indefinitely". This is the response I got and why I believe the streams are saved, but not available after you stream 50 more times (overwritten or hidden). Though until they are made available, if ever, they might as well not exist.
"I have double-checked this case with our tech team and they assigned a task to add the possibility to view the records of the past streams in the Profile.
Your ticket is tagged to the corresponding task so you will be notified in case of an update."
So it appears from the language used that the streams are saved, but are unavailable after 50 streams. I stream every day, so this is important to me. Maybe it will be important to you as well.
Work Around:
You can save your own recording to your pc when you stream and/or also multi-stream through Trading View to YouTube and Twitch. YouTube will turn your streams into Videos so that solves the issue of that; More or less. TradingView is my platform of choice, so I'd prefer all of the streams to be accessible on this platform and, through that, encourage more people to access this platform for data.