Apple - Four reasons to short
Updated
Hi traders,
I've been looking at the Apple for a bit now, and I spotted this idea. The entry would be at $ 103.82. It is based on four ideas:
Entry: 103.82
Stop: 106.62
Target: 98.54 = R:RR 1.89
Good luck! Will not be trading this myself, but I would recommend it.
I've been looking at the Apple for a bit now, and I spotted this idea. The entry would be at $ 103.82. It is based on four ideas:
- Filling the gap that was formed at the end of April 2016
- $ 103.82 is at the 127.2% extension of the upward leg formed in May 2016
- $ 103.82 is at the 61.8% retracement of the downward leg formed in April - May 2016
- Bounce at the retest of the trendline [check the comments for more information
Entry: 103.82
Stop: 106.62
Target: 98.54 = R:RR 1.89
Good luck! Will not be trading this myself, but I would recommend it.
Trade active
Trade closed: stop reached
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