Apple retesting the broken resistance
Â
APPLE is breaking below the 154 downside resistance level and the long-term uptrend rising wedge support. This breakout lower is calling for more downside after the ongoing retest. The medium-term reversal target is 95-100 zone.
Â
The weekly chart shows a retest of the broken 150 resistance. Rejection from this zone is required next week for the downside reversal continuation. APPLE is looking for a big reversal downside extension as long as it is below 155.
Â
JOIN TRADER’S CLASSROOM TO LEARN A PERFECT ENTRY AND EXIT TIMING IN ALL ASSET CLASSES
On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
Does that sound like you?
Go Premium to read full trading strategy with parameters of entry, stop loss, and exit. Why Premium?
We have used the combination of the top-down trading analysis to get these critical levels explained in the charts. Also, you can see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Trader’s classroom.
