Hello Everyone,
There is a very strong divergence on the RSI for APPL, we can also see the price slowly moving up but with no strength. Looking for a possible short entrance if the price break below the bearish flag. Price target of 133-135. On the other hand, if the price breaks above the bearish flag above, I would look for a price target of 158 and then a reversal to touch the bottom trendline (support) close to the 140 price. We are still moving in a bullish trend in higher timeframes, but there are still opportunities within the smaller timeframes.
Thanks for reading.
There is a very strong divergence on the RSI for APPL, we can also see the price slowly moving up but with no strength. Looking for a possible short entrance if the price break below the bearish flag. Price target of 133-135. On the other hand, if the price breaks above the bearish flag above, I would look for a price target of 158 and then a reversal to touch the bottom trendline (support) close to the 140 price. We are still moving in a bullish trend in higher timeframes, but there are still opportunities within the smaller timeframes.
Thanks for reading.