AAPL - Here is where we will find strong support!
You can clearly see our tapered buying continuation purple (newly introduced to this chart). This is what is guiding price right now and will most likely be where price wants to go:
This is for 2 reasons:
1. We still need to prove sell-side tapering away from teal by showing orange support.
2. That orange support and retest lines up perfectly with our purple tapered support and will act like a magnet for buyers who are in control to bring price to in order to make a stronger move up and break out of our teal and orange algos.
So keep an eye out for this level to be reached - I will likely be shorting to there if price action gives me an opportunity today.
Hope everyone has a great day trading and hope to see you on my livestream starting at 9:30 AM EST today!
Happy Trading :)
This is for 2 reasons:
1. We still need to prove sell-side tapering away from teal by showing orange support.
2. That orange support and retest lines up perfectly with our purple tapered support and will act like a magnet for buyers who are in control to bring price to in order to make a stronger move up and break out of our teal and orange algos.
So keep an eye out for this level to be reached - I will likely be shorting to there if price action gives me an opportunity today.
Hope everyone has a great day trading and hope to see you on my livestream starting at 9:30 AM EST today!
Happy Trading :)
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