Here's how we do it in our system
How's it going? For Apple, the last few weeks have been a roller coaster. First, we had a record-setting bull run that took us from just above $150 to almost $180 at the height. Now, we're headed the other way and fast. Friday's price action was a huge bearish candle that took us all the way back down to almost $165. | |
The last week has been a bearish payday cycle, and the MACD is crossed bearish as well. But this is something interesting I want you to see on the chart… Our bearish payday cycle was interrupted by one bullish day, even on the Heikin Ashi chart. That candle is circled in green on the chart below. But what you should also notice is that the MACD, the indicator below the chart, is crossed over to the bears, as I mentioned. That's circled in blue. | |
Now, those green Heikin Ashi candles are usually a good sign of an AAPL breakout. But what we know from our extensive research is that when the MACD is crossed to the bears, like it is there, those green candles can often be "false starts." In this case, our research was right. The payday cycle was a false start, and we ended the week on the huge down day on Friday. One of the most important things in any market — but especially in sideways or bearish markets — is avoiding bad trades. Avoiding bad trades can be every bit as important as getting into good trades, and the Perfect Apple Trade is designed to avoid false starts just like this one. If you don't know about the Perfect Apple Trade, watch this. | |
I'll also be going LIVE on Friday to talk about Apple and how I plan to trade it going forward, so if you're interested, I'll send links later this week. Keep an eye out. Until then, hope you have a great week. Trade safe, | |
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