AAPL Apple WAIT to BUY
If you look at Weekly TF:
there is still room for downside
There is a good support at 170$, however, one should not give any money to market by jumping the gun. Any trade should be initiated only at support OR when price breaks the TL in the direction of our trade.
Better way to initiate a BUY entry would be, when price breaks above the Red Sloping TL and closes above it, Then a BUY entry can be initiated.
If a BUY entry is initiated, then
1st Target would be 180,
2nd Target would be 195
For stop loss (Partial exit ) when price breaks below the Red Sloping TL and complete exit when Green HOrizontal Support TL at 170 gets breached.
If you look at Weekly TF:
There is a good support at 170$, however, one should not give any money to market by jumping the gun. Any trade should be initiated only at support OR when price breaks the TL in the direction of our trade.
Better way to initiate a BUY entry would be, when price breaks above the Red Sloping TL and closes above it, Then a BUY entry can be initiated.
If a BUY entry is initiated, then
1st Target would be 180,
2nd Target would be 195
For stop loss (Partial exit ) when price breaks below the Red Sloping TL and complete exit when Green HOrizontal Support TL at 170 gets breached.
Trade active:
Buy entry initiated since the Red Sloping Resistance TL is broken to the upside and we can follow for the targets of 180 and 195
