To answer this question let's break it down:
Multi-Timeframe Analysis:
Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)
Daily Chart: First higher low with above-average volume! early bullish sign!
Weekly Chart: 6 weeks price decline in a row! (Bearish)
Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)
An alternative scenario:
Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!
I prefer to wait for a more reliable entry point
Multi-Timeframe Analysis:
Hourly Chart: Getting out of the downward channel and finished pullback (Bullish)
Daily Chart: First higher low with above-average volume! early bullish sign!
Weekly Chart: 6 weeks price decline in a row! (Bearish)
Monthly Chart: Confirmation of the Bearish engulfing! (Bearish)
An alternative scenario:
Conclusion:
In lower time frames we have early signs of an upward move but higher timeframes are contrary to this!
A neutral position is the most likely scenario unless apple closes above 145!
I prefer to wait for a more reliable entry point
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.