If I'm looking to enter AAPL short or enter a put position, this is what I'm looking for.
We have an intraday triangle in AAPL forming, technical traders see this as a bullish consolidation/continuation pattern and expect it to follow the green and yellow arrow, the yellow arrow is where I want to enter Puts in anticipation of that move being a bull trap.
The 1 min in a leading negative and earlier relative negative divergence. The 2, and 3 min charts are starting to deteriorate.
Remember the 5 min chart's trend though, this is a more important timeframe and it is deeply leading negative as are longer timeframes, this spike in price is exactly what I want to short in to, remember, "Let the trade come to you".
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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