Strong response off 180 from AAPL as expected (Fib 61.8)
Strong response off 180 from AAPL as expected (Fib 61.8)
Price action (4 Feb 2024)
- Fib 61.8 pullback 180 was a strong bounce
- Could it be a big dead cat bounce to form the right shoulder for Head and Shoulder and then break down below 180 to 165 (range play)
- As they say, it is only a confirmed pattern until the neckline break, so for now, the recovery seems on. Got to see how AAPL moves next week.
- A 180 hold and breakout is still quite bullish
- Fib 61.8 pullback 180 was a strong bounce
- Could it be a big dead cat bounce to form the right shoulder for Head and Shoulder and then break down below 180 to 165 (range play)
- As they say, it is only a confirmed pattern until the neckline break, so for now, the recovery seems on. Got to see how AAPL moves next week.
- A 180 hold and breakout is still quite bullish
My plays
- Selling puts still for now
- Selling puts still for now
![Strong response off 180 from AAPL as expected (Fib 61.8)](https://sgsnsimg.moomoo.com/feed_image/101629496/5a51353f03523e38bfc596933193a294.jpg/bigmoo)
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icezzz : How about Amd ? Do u sell put ? Thanks
Asphen OP icezzz : not yet.![wink 😉](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f609.png)
icezzz Asphen OP : Thanks![blush 😊](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f60a.png)