Last Thursday I posted a probable AAPL short based on an intraday triangle that I thought would most likely breakout to the upside on a head fake move, perfect for entering a swing trade short, there have been several updates since then as well.
It looks like that was about the best risk:reward/high probability entry we could have asked for. AAPL is still not in a bad spot to short, but the high probability trade was Thursday, for those of you who took it or are interested, here's the 3C AAPL update.
From the Strategic to the tactical (long term to short).
The daily chart shows there's clear trouble in AAPL.
More specifically, trouble in the latest bounce on the hourly chart, so it was time to start looking for a tactical short entry on what should be at least a decent swing trade and maybe more.
The 15 min chart shows AAPL at a reversal point in the bounce.
And the 5 min chart was negative on both head fake breakouts from triangles, both were posted before they broke out and called, "likely head fakes", so they made good short entry points as retail continues to fall for the same Wall Street traps, this one was so predictable it was posted as a possible trade even before the breakouts, in both cases, occurred.
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