Apple has taken out highs of last two weeks, with no signs of reversal at previous supply area. This invalidates previous idea of a possible reversal at supply zone.
It looks likely that AAPL will grab liquidity above recent prior swing high. Once it meets the blue zone area, there is still good probability for a reversal, as smart money has taken liquidity and might have mitigated longs. However if price goes above the blue zone, AAPL will more likely reach new highs.
Wait until price shows its hand.
It looks likely that AAPL will grab liquidity above recent prior swing high. Once it meets the blue zone area, there is still good probability for a reversal, as smart money has taken liquidity and might have mitigated longs. However if price goes above the blue zone, AAPL will more likely reach new highs.
Wait until price shows its hand.