Apple reached the top of the 4 month Channel Up and got rejected.
That is a Higher High rejection and inside this pattern, the minimum decline during such rejections has been -3.25%.
As a result this is still a good short opportunity. A -3.25% decline gives a target of 188.50.
By that time, the 4hour MA50 may come to support again.
If that's inside the RSI's Support Zone, then all the better.
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That is a Higher High rejection and inside this pattern, the minimum decline during such rejections has been -3.25%.
As a result this is still a good short opportunity. A -3.25% decline gives a target of 188.50.
By that time, the 4hour MA50 may come to support again.
If that's inside the RSI's Support Zone, then all the better.
Follow us, like the idea and leave a comment below!!
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