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APPLE – Purple War Zones! for NASDAQ:AAPL by TheSignalyst

APPLE is overall bullish trading inside the brown channel so we will be looking for Trend-Following Buy setups as (if) it approaches our lower brown trendline.

As per my trading style/plan;

Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)

Zone 1: (around 130.0 in blue)

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This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower brown trendline. (trend-following setup)

Zone 2: (around 150.0 in green)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 150.0 and upper brown trendline. (over-bought / over-extended area)

Unless APPLE breaks the 150.0 upward aggressively, then we will be looking for buy setups on its retest.

As per my trading style:

As APPLE approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break and so on…)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

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