iamvaibhavkr
Short

AAPL Trading in Troubled Water

NASDAQ:AAPL   Apple Inc
This gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a downtrend.

Therefore, considering all the above points, a break below the current support, as per fibonacci levels i.e 436 will initiate the trade for the targets of 430, 421, 407 with an SL of 449 on closing basis.

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good job
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iamvaibhavkr Yearend85
@Yearend85, Thanks
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Awesome
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iamvaibhavkr Sandeep2700
@Sandeep2700 Thanks
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