APPL has respected this parallel channel and I think it will remain doing so. We have hit the .776-886 fib range from last swing high to swing low and developed bullish divergence on short time frames. It has also respected the ice line of the channel and its probable to keep that same price action going. Obviously we are bearish still, but this is a swing traders cup of tea. Here's a easy setup and target..
Clarification- APPL has had a rough couple of days, but the market almost always shows some mercy and lets the asset rally locally after a punishing dump.
Clarification- APPL has had a rough couple of days, but the market almost always shows some mercy and lets the asset rally locally after a punishing dump.