Apple is testing All Time Highs again - Bearish setup

12 февр. 2017 г.

AAPL has reached 135$ again and the price is re-testing its All Time Highs again.
The weekly structure has kept AAPL's price below it during 2015. Will it do it again.
A weekly bearish Butterfly also completes near 135$ - Adding weight to this weekly resistance zone.

Bulls should wait for a breakout, re-test of structure (as support) and then perhaps aim towards the completion of a bearish Crab near 160$. Personally I find it highly unlikely to happen in near term future... but the sentiment is strong and this is Apple!

Here you go, two potential scenarios - One bearish, one bullish... I'm with the bears here.

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14 мар. 2017 г.

Сделка закрыта: достигнута стоп-лосс цена

14 мар. 2017 г.

Заметка

132$ should provide support now.

A close below 131.5$ will create a false break signal (bearish).