AAPL
WHY
- again the broader market is topping and AAPL is the significant part of it
- very nicely formed double top confirmed by clearly diverging indicators
- waning trend confirmed by divergences on Monthly frame
- nice dodgy at the top
TRADE LIFE AND TARGETS
- hitting a support at 135. 200MA on W might also serve as a support
- sometime by May-June 2018
HOW
- short stocks and avoid options as this is mid-term and exact timing is unclear
- consider options for 3rd waves on the way down confirmed by piercing through and bouncing off MA congested points
ENTRY
- now with a shortest SL possible and risk reward 9.0
WHY
- again the broader market is topping and AAPL is the significant part of it
- very nicely formed double top confirmed by clearly diverging indicators
- waning trend confirmed by divergences on Monthly frame
- nice dodgy at the top
TRADE LIFE AND TARGETS
- hitting a support at 135. 200MA on W might also serve as a support
- sometime by May-June 2018
HOW
- short stocks and avoid options as this is mid-term and exact timing is unclear
- consider options for 3rd waves on the way down confirmed by piercing through and bouncing off MA congested points
ENTRY
- now with a shortest SL possible and risk reward 9.0
Operación cerrada: precio stop alcanzado:
as I often do I traded too early, got stopped out and now looking at lower time frame and other stocks to confirm the top
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts