APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024

APPLE AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024

BUY/LONG ZONE (GREEN): $173.50 - $181.50
DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50
SELL/SHORT ZONE (RED): $161.50 - $168.15

Weekly: Bearish
Daily: Bearish
4H: Bearish

AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts.
Looking at the 4H timeframe AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend.
Previous targets are still shown and will be linked below.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, apple, aapl, $aaple, applestock, applestock, appleprice, appleanalysis, applestockanalysis, applestocktrend, appletrend, applepricedrop, applelong, appleshort, aaplshort, aapllong, aapltrend, applechannel, applebearishchannel, applepricechannel, applepricerange, pricerange, rangetrading, descendingchanel, bearishchannel, bearishpricechannel, pricechannel, bearishchannel, applecar, applenews, appletv, appleupdates, flag, chartpatterns, patterntrading, chartpatternsonapple, appleoptions, applecalls, appleputs, cpi, cpireport, inflation, inflationreport, applefundamentals, appletechnicals, techstocks, nasdaq, us100, nasdaqapple,

评论:

Current 1H view of the rejection off the top of the bearish channel.

评论:

AAPL has broken the bearish channel and is heading towards a bullish area.

交易开始:

AAPL has broken into the bullish zone and we can now see price testing the 177.00 - 178.00 zone. I extended my previous zone (blue) to see how price may start to react to this area, although when I initially posted this analysis I neglected this zone.

评论:

AAPL has fell through the bottom of the bullish zone, into the DNT zone, and has started into the bearish zone. Longs should have been closed by now and bears should be looking for shorts.

1H View: