APPLE - Buy Setup Forming!

3 Nis 2021

As per my last video analysis (attached below), we were waiting for a momentum candle close above the gray area to buy (old trigger) which didn't happen, so the idea is no longer valid.

APPLE is still sitting around a strong support zone in green, we will be looking for new buy setups.

Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?

Our blue trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (new trigger)

Meanwhile, until the buy is activated, APPLE would be overall bearish and can still dive inside the green support before going up, or even break it downward.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

3 Nis 2021

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