Apple (AAPL) testing Bullish Crab PRZ (potential reversal zone), how much it retraces is key in that a shallow retracement keeps bears attempting to complete the Bullish Deep Crab. The ideal retracement targets being the GRZ (golden ratio zone) fib levels as outlined by the blue rectangle.
So the first level to be aware of is 508.68 to see if holds as support, if so, offers long opportunity to significant resistance test target 522 region with scaling points at Bearish Shark PRZ 516.94, 518.63, then GRZ levels. Failure to hold above 508.68 has 505.58 to 505 as initial support zone test, a break down there has larger pattern (Bullish Deep Crab) PRZ at 496.03 as next short target.
Kathy Garber
Structural Trading / @tbg4321
Most new traders approach trading in the same synopsis as one who enters college with an elementary school education. My vision is to help others create a foundation of basic technical analysis and build structured strategies through measured moves, Harmonic Patterns and Volume Profile.
After several years of being Senior Analyst for The Trading Book, I opened my own educational site, Structural Trading. I offer step by step educational series for both beginner and advanced traders. Premarket analysis videos and charts are shared to show emerging scenarios, and how to interact with those scenarios as they develop in a live online educational room.
Harmonics can help traders stay in a trade to target, as well as risk minimum to see if they're right.
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