AAPL double topping

AAPL
WHY
- again the broader market is topping and AAPL is the significant part of it
- very nicely formed double top confirmed by clearly diverging indicators
- waning trend confirmed by divergences on Monthly frame

- nice dodgy at the top

TRADE LIFE AND TARGETS
- hitting a support at 135. 200MA on W might also serve as a support
- sometime by May-June 2018

HOW
- short stocks and avoid options as this is mid-term and exact timing is unclear
- consider options for 3rd waves on the way down confirmed by piercing through and bouncing off MA congested points

ENTRY
- now with a shortest SL possible and risk reward 9.0

Trade fermée: ordre d’arrêt atteint:

as I often do I traded too early, got stopped out and now looking at lower time frame and other stocks to confirm the top