Price Update (17 Mar 2024)
- Think most can see a big double top forming with break of neckline going to 140 (but we are not there yet so don't assume)
- Key level is 170 and if that breaks, look for key levels below
- Fibonacci levels are 165, 155 and then 140
- Trend channels point to some good form of support at 155
- Special Note : 20 Mar FOMC Rug Pull possibility
Bull Case
- Stays above 170 (nothing else)
Bear Case
- Break below 170, bound for 165, 155 and then down to magical range 135/140
My plays
- Nibbles continues at key levels increasing base as we near 135
- Will look to nibble more at 155 as it has a good shelf of support
Good luck, all
AAPL Daily - 17 Mar 2024
@melson @TigerStars @macroB @CaptainTiger @Deposit
$Apple(AAPL)$
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