Short on APPLE Weekly Chart

Apple is in a place on the weekly chart that looks ripe for a short position.

The Stoch RSI is ready to turn downward.

The RSI trend has been met and is starting to turn downward.

Volume is declining.

Price action is making higher lows from the most recent top.

Stoploss at 190.00

T1: 125.25

T2: 107.94

T3: 90.90

Final target for the short is the .618 fib.

NFA

Confluence in many indicators.

Do your own DD.

Kommentera:

just wanted to edit the original line saying the price action is making higher lows.

This needs to be edited to "... making lower highs from the recent top..."

Kommentera:

breakout above has invalidated this idea

Trade stängt: Stopp nått