AAPL beware of a lower high!

[Cobra]

AAPL weekly made a good bear signal bear, if a strong bear bar to break and close below the blue line the next week then we'll have a weekly lower high which could mean THE TOP was in for AAPL.

Why suddenly mentioning AAPL? Because the wall street has a saying: "As Apple Goes, So Goes the Market", so if the lower high can be confirmed the next week, then overall market might be interesting

[Cobra]

$AAPL, the rebound so far looks weak so might resume down?

[Cobra]

$AAPL is revisiting the previous low as expected. When test the previous low there're always some chances of double bottom but my guess is a breakdown is more likely.

[Cobra]

$AAPL made a good bull signal bar today while testing the previous low so some chances of a double bottom here.

The trade doesn't care about "some chances", it's all about risk reward ratio. Since the signal bar looks good, the stop loss is at the bar low, the target could be all the way to $190 even all time high which means far more than 2x reward to risk ratio, so for some traders, it's a go if tomorrow breaks above today's bar high triggering the buy signal.

[Cobra]

$AAPL, bad entry bar for bulls: It broke yesterday's high so triggered H1 long but the bar was a bear bar therefore reduced chances of a double bottom here. Fortunately there's a long lower shadow today so bulls may still have some chances, let's see the next Monday.

[Cobra]

$AAPL, the weekly, last week was a bear signal bear, breaks below the bar low this week is needed to trigger the L1 short which didn't happen so we'll need wait for the next week to see whether it will trigger the sell.

Personally, I'd like to see it breaks the blue line to be sure that there are indeed some chances of a weekly lower high here.

[Cobra]

$AAPL, the line has been test several times so could hardly hold another test, therefore a breakdown should be more likely now.

The breakdown would also be a double top (red arrows) breakdown so might be a sharp down. I'm not sure, just a mark here see so that later I'd know whether my theory works or not.