alanmasters
Short

Apple Points Down (Crash To Speed Up - 30% Drop Incoming)

NASDAQ:AAPL   Apple Inc
APPLE INC . ( AAPL ) continues looking bad and the charts are getting worse.

Let's take a look at some of the signals:

  • We are now below EMA10 (green line), this is normally a strong support. When the weekly candle closes below it, normally it quickly bounces up. But now we have the divergence and also a top, plus the last weekly candle is really strong. Weekly candle closes tomorrow, it is going to get pretty ugly regardless of how it closes, unless it goes back up strong which basically seems impossible.

  • We are going to test EMA50 (magenta line) next.

  • Strong MACD bearish crossover.

  • RSI trending down strong. It is at its lowest since April and it will down more.

  • Bear volume is at its highest since February, the bears are in full control. If you are an Apple bull, sell everything before you go broke.

This is it for my Apple analysis. I really hope that you enjoyed.

If yes, please hit like to show your support.

Namaste.
Nov 03
Comment: Here is the monthly chart (longer term):
Nov 22
Comment: This will take a while...
Jan 11
Comment: Moving exactly as predicted.
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Comments

im going short on aapl too! cheers to AlanMasters!
+1 Reply
yep, i think so also, this why i got some long PUT options on appl
+1 Reply
Hi Alan, thank you for sharing your TA as always good and deep analysis.
I am going to buy when it comes ;)
Thanks,
Namaste!
+1 Reply
@relaw, why not just sell now
Reply
where can u trade with btc?
Reply
alanmasters Beerus_sama
@Beerus_sama, No idea.
+1 Reply
Dani0 Beerus_sama
@Beerus_sama, binance
Reply
@Dani0, But if you mean trade apple with btc then goodluck mate lol
Reply
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