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Long

aapl long trade

BATS:AAPL   Apple Inc
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For those watching Apple , here is my trading view currently. It is close to its long term trendline and can see at least a temporary bounce. But never trade based on one factor of course, there are multiple reasons here for a bullish bias. For those who know about divergence and hidden divergence as well, the weekly chart has a hidden bullish divergence and to support that further the daily chart has formed a really high probability regular divergence setup best known as Divergence 123 where the price makes 3 consecutive lows(lowers lows) but the indicator makes 3 consecutive highs( higher lows), vice versa for bearish divergence. And if all that wasn't enough even for the most conservative and perfectionist traders, there is also a falling wedge formation on the Daily chart (can also be drawn on H4 chart), which is a great, very high probability bullish formation. With all that combined i would say its a great trade and can provide good risk/reward ratio as well. Thank you

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