Price action (18 Feb 2024)
- Cup was formed back back 14 Dec 2023
- Handle had been forming since then
- Lower high had so far been set also with rejection off blue MA50 and also now breaking below purple MA200!
Bullish
- Got to have a firm stay above 178 and break 184 and then out of the trend channel
Bearish
- Continued breakdown and testing 178
- Failing 178 brings 174 as the key level down to 165
Approach
- Selling cautious puts and will nibble shares once we get to 174 and seeing how the candles formed there
AAPL - Daily - 18 Feb 2024
@melson @TigerStars @macroB @CaptainTiger @Deposit
$Apple(AAPL)$
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