On the chart there are major and minor levels marked. AAPL has moved within the pink 4h range since Jan with multiple attempts to break higher that failed. Smart traders buy the lows of these ranges. However the market is very bearish in general and it looks like a good opportunity to look for a lower level move. Good 15min trade setups can be cooking here for the open space move down to 151 area with lower targets below.. but don't get greedy if you get in this move. a break back up into the range is more likely than a complete breakdown. Keeping a small portion runner is ok though. Happy trading.
Kommentera:
We broke through all levels I had charted. Hope you got some of the sell! Currently watching this channel, buy setups may be on the way in lower TF but not ready just yet IMO.
