Apple Long

Double Bottom Pattern on the Hourly Chart for Apple.

Resistance: $162
Price Target of Pattern: $169.50

If it breaks the resistance, I expect a retest to confirm support, then a push back to $169.50

There is also moderate resistance around $167.50 (129MA is at $167.40)


The Fed meeting tomorrow will also pay a role in the overall trend of the market.

Yorum:

Double Bottom Invalidated;
It's now trading in a symmetrical triangle, you can find that trade set up on my most recent post.