Apple IncLong
AAPL: Possible pivot point
I built upon ante1028 's idea of a descending wedge, and found if you build a trend channel, located the strongest nearest support, and added the 100 EMA it all lines up perfectly to the 126$ level.
So watch this exact level for a pivoting point, and if the support at the 126$ level breaks, be ready for a lot of downside.
So watch this exact level for a pivoting point, and if the support at the 126$ level breaks, be ready for a lot of downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.