Steep Correction To Come

I am a huge fan of Apple and their business model, but this is technical analysis and the "red" flags are screaming that it is time for a sharp correction.

Indicators:

I. Red trend lines signaling future decline ( trend lines are from the Knoxville Divergence indicator and help foresee growing divergence often times ahead of MACD and traditional sell signals

II. High RSi shows that Apple is extremely overbought

III. Visible range shows the prime trading activity price is 127.14

IV. Divergence+ shows a red cloud above the most recent candles indicating high levels of bearish divergence

Feedback:

Let me know your thoughts in the comments below, this analysis has been used previously and is extremely accurate.

Previous analysis linked below

Bình luận:

Please view my latest analysis that also supports this claim that Apple will have a higher low before hitting new highs into earnings

Bình luận:

Maybe I'll use the profits from this $139 put & then buy calls after. This is a too good to be true scenario but if it happens, I will be sharing the joy with everyone in the form of cheers.

:)