AAPL Fakeout Likely: Oppurtunity for Puts

31 авг. 2021 г.

With how over extended big tech and the major indices are, AAPL here presents a perfect exable of a smaller bull flag breakout within a large bull flag breakout. However, at these levels of momentum and RSI, instituional fakeout is likely taking the retail liquidity of the call side breakout, and using it to drive price back to the smaller demand zone.