Apple IncShort
AAPL - Bearish Sequence
Apple stock has been in a downtrend since Aug. 1st
After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, sales on the iPhone 15 may be in jeopardy considering the news about the over-heating concerns users are having!
tradingview.com/news/tradingview:3f54e1fbf094b:0-iphone-15-overheating-concerns/
After the failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to retrace to the Fib'd Range @ 178.77 - 175.05 to be rejected down to Sequence Target at 147.42 - 137.38!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, sales on the iPhone 15 may be in jeopardy considering the news about the over-heating concerns users are having!
tradingview.com/news/tradingview:3f54e1fbf094b:0-iphone-15-overheating-concerns/
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.