AAPL: Momentum Brewing – What's Next?

hace 21 horas

▋Observation & Meanings:

▪The downside breakout from the ranging zone failed, and the price even took out the high of the range, reversing into an uptrend, followed by minor congestion.

▪After reversing the trend, the bulls showed their further intent by breaking above the congestion high.


▋What to expect next?

▪The price has retested the high of the congestion zone, and this level should hold if the bulls intend to maintain momentum.


▋The big 3 zones:

▪The continuation zone:

▫ The next major resistance will be level X.

▫ Although the resistance is significant, this is the third attempt, and with plenty of fuel (position) accumulated below during this period, a breakout is likely.

▫ Additionally, an ascending triangle pattern has formed on the 4-hour chart, reinforcing the potential for an upward breakout.


▫ If the key resistance at X is broken, a short squeeze could occur as sellers are forced to cover their positions, driving the price to the next level.

▪The unclear zone:

▫ If the price falls back into the congestion zone, wait for clearer signals before making a move.

▪The defending zone:

▫ If the price breaks below the defending level, the low of the congestion, the trend will likely shift back to the downside.


▋Don’t predict the price, trade the price.

▋Note: These zones adjust in real time based on price movements and evolving market conditions.

▋Not Financial Advice

The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.