AAPL hitting possible resistance

9 באוג׳ 2016

It appears that Apple might be coming up on some strong resistance soon.

possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low

additionally my stochastic indicator is reaching the overbought condition.

will look to go short @110.55

all comments welcome
Thanks for viewing
Bud

16 באוג׳ 2016

עסקה פעילה

Trade triggered on 4 hour time chart. short @109.90
SL @112.40

looking at a target of 102.26 next week which is the .618 retracement of this swing.

I'll let you know how it goes

Thanks for viewing
Bud