Ok, now we are losing momentum, and AAPL is getting weaker, and that's absolutely normal. We did a fantastic trade, but now it seem it is time for AAPL to rest a little. We'll see another entry point when the charts normalize. The RSI also tells us that AAPL is overbought.
But even considering a possible correction ahead, let's keep in mind that the bias is bullish.
We have an advamced breakout on the RSI, indicating that the price might follow this movement next. I'll keep my belief that if it breaks the 127.90 it'll seek the 131 next. In the end, it is overbought in the 30min, but still has some potential in the 4h chart. This means some possible correction in the short term, which would give opportunity to buy, aiming the 131 in the mid term. This seems to be a nice strategy for now, let's see if we'll follow it!
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See you soon,
Melissa.
But even considering a possible correction ahead, let's keep in mind that the bias is bullish.
We have an advamced breakout on the RSI, indicating that the price might follow this movement next. I'll keep my belief that if it breaks the 127.90 it'll seek the 131 next. In the end, it is overbought in the 30min, but still has some potential in the 4h chart. This means some possible correction in the short term, which would give opportunity to buy, aiming the 131 in the mid term. This seems to be a nice strategy for now, let's see if we'll follow it!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
