Strong response off 180 from AAPL as expected (Fib 61.8)
Price action (4 Feb 2024)
- Fib 61.8 pullback 180 was a strong bounce
- Could it be a big dead cat bounce to form the right shoulder for Head and Shoulder and then break down below 180 to 165 (range play)
- As they say, it is only a confirmed pattern until the neckline break, so for now, the recovery seems on. Got to see how AAPL moves next week.
- A 180 hold and breakout is still quite bullish
My plays
- Selling puts still for now
AAPL Daily - 4 Feb 2024
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