Expectations on AAPL at the opening : 2 scenarios explanation.
The stock has broken a small Range, and pullbacks on it, the pullback is also coinciding with the VWAP:
- If the VOLUMES continue in green and break the VWAP from above, the prices may enter the rectangle to reach the previous range and break the orange dotted resistance,
-> opportunity to BUY and hold for a short period of time.
- If the Market fails to enter the rectangle range and bump into the VWAP to go down,
-> I recommend to SHORT due to the weak presence of buyers, and the strong reaction from sellers.
WHAT TO DO?
See the first two or three candles reaction on VWAP, it will indicate the dominant VOLUME, and where the market tends to. Good luck traders!
- If the VOLUMES continue in green and break the VWAP from above, the prices may enter the rectangle to reach the previous range and break the orange dotted resistance,
-> opportunity to BUY and hold for a short period of time.
- If the Market fails to enter the rectangle range and bump into the VWAP to go down,
-> I recommend to SHORT due to the weak presence of buyers, and the strong reaction from sellers.
WHAT TO DO?
See the first two or three candles reaction on VWAP, it will indicate the dominant VOLUME, and where the market tends to. Good luck traders!