Apple (AAPL) gave us 2nd day continuation down move. Here is quote from yeasterday's morning review www.evernote.com/sha...380e4f54aa6a56f554a: "Apple closed on low of the day. And I expect to see some follow through below $594.43.".
It was a bit slow but gave two good Short opportunities: on break down of previous low of tha day and then pullback close to that. It stalled in front of support from 5th of May and 200MA.
Today, my plan is to sell from resistance zone $593.50-$594.40 then I expect to see retest of support zone $586.36-$587.73 and potential break down as I expect another day but I will measure. If it will go through my resistance zone and hold there then I will switch my bias to upside.
Let the price tell us how to trade. I will use my levels to make adjustments.
It was a bit slow but gave two good Short opportunities: on break down of previous low of tha day and then pullback close to that. It stalled in front of support from 5th of May and 200MA.
Today, my plan is to sell from resistance zone $593.50-$594.40 then I expect to see retest of support zone $586.36-$587.73 and potential break down as I expect another day but I will measure. If it will go through my resistance zone and hold there then I will switch my bias to upside.
Let the price tell us how to trade. I will use my levels to make adjustments.
