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Stockcorrection

Apple -> Will It Hold Support?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance. The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180. I am now just waiting to see how Apple reacts at the current level considering that we are once again retesting the bullish trendline - so far market structure is still bullish but if we see a break lower, the daily timeframe looks like a correction is inevitable. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:AAPLShort
by basictradingtv
35
Short-Term Drop For LKQ?Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days before the decline could start. This is based on historical action of this stock when all 5 algorithms are signaled.
NASDAQ:LKQShort
by StockSignaler
1
We are in a period of remarkable similarity to June 2015The green period sets the tone for the next few periods. A sharp drop characterized by an immediate and sudden bounce higher ending with concave summit. The red period sets the tone for a small retracement but then another leg up. This period ends with a high degree of consolidation and relative quiet. The blue period is where we are now and the sequence of events is very similar to June 2015. This period is characterised by further consolidation but with a bearish bias... as we have see so far this month. The MACD also demonstrates the similarity with both periods signalling falling and increasing momentum. If this pattern continues plays out, there may another small increase in the price however it will be following with a very drastic fall.... possibly even harder than in 2015. By my estimation this playbook will take another month or two to complete.
OANDA:US30USDShort
by maccabean