Apple Possible Big breakout
Apple we might have a possible big bullish breakout . as shown in the chart in the weekly time frame ..
Things to consider and keep in mind ...
Positive things :
Price closed weekly above the red line .. that means a strong breakout ..
Green line has held strong support .. meaning no weekly close below ..
In the RSI indicator .. the black line which caused a bearish movement was broken .. meaning ( divergence breached )
Negative things to consider :
The gap below in the chart not filled yet
Price entering the overbought zone
Price Only made a one strong correction during august ..
Our plan to remain buyers as long as red line hold meaning no weekly candle close below red line ..
After the breakout red line should turn into support
for any question feel free to ask :) and good luck
Things to consider and keep in mind ...
Positive things :
Price closed weekly above the red line .. that means a strong breakout ..
Green line has held strong support .. meaning no weekly close below ..
In the RSI indicator .. the black line which caused a bearish movement was broken .. meaning ( divergence breached )
Negative things to consider :
The gap below in the chart not filled yet
Price entering the overbought zone
Price Only made a one strong correction during august ..
Our plan to remain buyers as long as red line hold meaning no weekly candle close below red line ..
After the breakout red line should turn into support
for any question feel free to ask :) and good luck
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