Apple is trading inside a four month Channel Up on an almost overbought 1D time frame (RSI = 69.133, MACD = 4.100, ADX = 62.578) supported on the short term by an HL trendline. We expect a pull back near the 4H MA50, which has been the most optimal buy during this Channel Up period, ideally with the 4H RSI near its S1.
We will buy and target the upper band of the Channel (TP = 200.00). A crossing under the Channel Down would be bearish and will force us to close the buy in loss and sell instead to the 4H MA100 (TP = 182.00).
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We will buy and target the upper band of the Channel (TP = 200.00). A crossing under the Channel Down would be bearish and will force us to close the buy in loss and sell instead to the 4H MA100 (TP = 182.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial