A rising wedge to a double top that Cracked! Double top you might ask? Yes. Double tops can break just prior to, at, or just above the previous highs.
Too many people make the mistake of thinking a crossing of a line means something in of itself. It doesn't. The structure is way more important. in this case, it was a rising wedge.
While you guys are seeing this late, my subs saw this setup before the crack. But I feel it is a great setup to teach even if it is a bit late.
This is obviously bad JUJU for the overall market as it stands right now.
Too many people make the mistake of thinking a crossing of a line means something in of itself. It doesn't. The structure is way more important. in this case, it was a rising wedge.
While you guys are seeing this late, my subs saw this setup before the crack. But I feel it is a great setup to teach even if it is a bit late.
This is obviously bad JUJU for the overall market as it stands right now.
הערה:
While I kept this trade private for my subs. I did post it here on TV for you all. It's a great example of how FOMO works and what the opposite wave looks like. Just bc a double top doesn't turn on the spot, it does not mean it is still not a double top with this kind of rising wedge setup ESPECIALLY!
הערה:
Lower high forming. Bad JUJU!
הערה:
Sometimes the charts tell the news before the news.
הערה:
On the verge of a new low
הערה:
I Only got 22 likes on this super call which is a good indication no one wants to touch AAPL to the short side. Not even on TV with no money at risk. Yet the double top crack I posted is playing out perfectly. ;)
AAPL China sales are down -24% A great example where the chart preceded the news
AAPL China sales are down -24% A great example where the chart preceded the news
Real Macro Economic Investing
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