Hi friends yesterday closed an Idea on Apple and prepared a new chart hope it will help to me for trading in it coming session sharing with all of you.
So i have a long view here in Apple as my anticipations this time is price will break the resistance and will give a breakout on provided daily time frame chart and the reasons i am looking are that volume buildup seems good in recent sessions and broke some lowers highs and trying to change the character and gives a daily/weekly close near to it's all time highs, daily weekly candles seems fine so we can see a fresh momentum if price will break resistance and sustain above for one two sessions.
Alternative veiw is price will take resistance nearby marked resistance and will come down to marked support and will bounce from there towards marked target after resistance break.
Target i measured from parallel cahnnel height in which price is consolidating from a long time and hope this time we will see a breakout.
Target-:
This idea is meant for only educational purpose this not any kind of trading or investment advice.
Best Regards- Amit
So i have a long view here in Apple as my anticipations this time is price will break the resistance and will give a breakout on provided daily time frame chart and the reasons i am looking are that volume buildup seems good in recent sessions and broke some lowers highs and trying to change the character and gives a daily/weekly close near to it's all time highs, daily weekly candles seems fine so we can see a fresh momentum if price will break resistance and sustain above for one two sessions.
Alternative veiw is price will take resistance nearby marked resistance and will come down to marked support and will bounce from there towards marked target after resistance break.
Target i measured from parallel cahnnel height in which price is consolidating from a long time and hope this time we will see a breakout.
Target-:
This idea is meant for only educational purpose this not any kind of trading or investment advice.
Best Regards- Amit
Comment:
Hello mates, In last session price moved toward mentioned support as pr shared view in idea description not able to break and tried to make a bounce from there so now we have too see in today's session that we will get a bounce from there or not towards resistance but so far marked support respected very well
Comment:
Hello friends, As we are seeing a resistance breakout after an appropiate bounce from mentioned support level. Now we have to see that price will sustain above this resistance or not as i wrote in description but now i assume that resistances below will work as good supports, Rest i will update accordingly if price sustain above on resistance with bullish strength
Comment:
Price also showing bullish strength today like yesterday good up after yesterday's close above resistance after breakout now i assume that this breakout will sustain, One important thing i want to share that after this bullish breakout earlier resistance can act as a good support because price broken out from a long consolidation channel after grabbing a dual selling force (buyers and sellers) on resistance
