AAPL Long Setup BuildingWith the Fed’s interest rate decision approaching and headlines heating up around Trump’s position on Iran, we could start to see a pickup in volatility across the markets. Here's my take on Apple, which is setting up for a potential counter-trend long after breaking structure earlier this year.
On April 4th, AAPL broke below the key higher low at $195.50, which was part of a higher high / higher low structure. That breakdown could signal a possible shift in long-term trend, but given Apple’s strength and the broader market still holding up, I’m expecting a retest higher before any deeper correction plays out.
Here's the plan:
Entry Zone:
Looking to go long between $186–$191, ideally on a bounce off the weekly ascending trendline that’s been respected since beginning of 2023.
Golden Zone:
First target - Top of the current channel near $215
Second target - Reaction area around $221, where I’ll look to scale out and reassess the move.
Stop Loss:
Below the current swings low at $171.50. This gives the trade breathing room.
This setup may take a few days to trigger, and I’m prepared to hold for for a few weeks until targets are reached.
Would you buy the dip or wait for confirmation? Drop your thoughts in the comments.
