In this Apple uptrend market we've seen the retracement so it is time for the impulse move again as shown.
Not experienced with this way of trading but we're here to learn.
I have the support drawn and the horizontal lines are the previous swing points that became support after being resistance before.
A small trade that can cause a lot of profit when controlled in up and downtrends as these markets are seen a lot.
Little different then the chart patterns I'm normally trading.
Let see how this works out, the RSI is at approximately the same level as the bottom of the previous retracements which makes this the perfect time to entry.
I will keep you guys updated about this trade as this is mostly educational but I do trade this.
Thanks for reading and good luck!
Wesley
Not experienced with this way of trading but we're here to learn.
I have the support drawn and the horizontal lines are the previous swing points that became support after being resistance before.
A small trade that can cause a lot of profit when controlled in up and downtrends as these markets are seen a lot.
Little different then the chart patterns I'm normally trading.
Let see how this works out, the RSI is at approximately the same level as the bottom of the previous retracements which makes this the perfect time to entry.
I will keep you guys updated about this trade as this is mostly educational but I do trade this.
Thanks for reading and good luck!
Wesley
Comment:
Almost there! Adjust stop to entry.
Trade closed: target reached:
This trade was taken at the same time as the apple rapport of the strong earnings.
But the profit is locked !
Thank you for following
But the profit is locked !
Thank you for following
Comment:
