Looking at $AAPL it is going to have to prove that it can hold this support above 125. Looks like we filled the imbalance completely and loss support. Can they hold above 130? Well if not look for it to retest 125 again!?! But this time it might be enough to have it fall to new lows. The rejection of the EMA coincides with this theory.
Bullish Case 128 is a key level to have higher lows show up on lower timeframes. I this the rejection is the rest of the order waiting to fill between 127 and 128. Look for the bounces here.
Bearish Case 130 psychological level has proven sell orders waiting there. 128 won't hold as this is the top of a range. This is something to play back down to 125.
Bullish Case 128 is a key level to have higher lows show up on lower timeframes. I this the rejection is the rest of the order waiting to fill between 127 and 128. Look for the bounces here.
Bearish Case 130 psychological level has proven sell orders waiting there. 128 won't hold as this is the top of a range. This is something to play back down to 125.
Sometime you have to take a step back to make a better step forward.
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