AAPL
Apple is running into some overhead resistance via the (green-dashed) trigger-line displayed on the chart.
Most oscillators are clearly turning over here.
To keep this chart simple, I left just this one fork/trigger-line visible.
The fork has two Fib extensions (1.618 & 2.618), which I expect price to navigate through.
However, there are multiple forks at play here. I'll add them as standalone comments.
I'm expecting AAPL to reverse here and continue lower.
At the very least, I believe price will get down to the $150 area. (Target 1)
Although, I also think that price will eventually make it's way down to the $120ish range (Target 2) , which is right at the (red) trendline and also a 50% retrace of the March 2020 low to "Everything Bubble" high.
Fat_Fat
Kommentera:
Other forks in play... not shown in idea chart.
Kommentera:
Sold my AAPL puts.