DIA bounce off 200sma (first test since June 2017) into a Turtle Soup Buy. Higher momentum lows. Powerful short term reversal setup. 234.85 cancels the setup. Trailing stop.
Often with flags, triangles, wedges, etc. the first breakout from the range is a fakeout/shakeout before the price moves - with conviction - in the opposite direction. We saw this recently in the major indices that came tumbling down after rallying off February's lows... and we can see this with the AMD 12/17 bar which faked to the downside before rallying to...
Outside down day on the daily Turtle Soup +1 sell on the daily Turtle Soup sell on the weekly (see previous post) Stop 180.10
AAPL Turtle Soup Sell on the weekly if closes today below 180.10 for a retest of 170.
240min chart a bullish Holy Grail (Linda Rashke) for a retest of highs. However, Turtle Soup Sell (also Linda Rashke) if weekly chart closes below 1357.50 (high 20 weeks ago) with a projection to 1300. www.amazon.com