Hello traders and investors! Let’s see how AAPL is doing today!
In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal.
If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target.
This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout.
The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term.
So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. For now, everything is going according to the plan.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal.
If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target.
This reaction is important because AAPL just hit its 50% retracement, even losing this point for a brief moment, which might indicate a bear trap after a false breakout.
The gap at $ 174 is seen in the daily chart too (yellow square), but we have a resistance area near the 38.2% retracement and the 21 ema (around $ 168 - $ 169). It is expected to see AAPL struggling at this area in the short-term.
So far, we see these good signs, and no clear bearish structure indicating a continuation of the bear trend. Only if we lose the 50% retracement again I believe AAPL will seek lower levels. For now, everything is going according to the plan.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
