Reminder: Apple arrives at 50% Fib retracement.
FAANG lieutenant Farcebook has started the ball rolling to the downside? She is testing the 200-day. Macd diving, RSI diving. APPLE is watching this tomfoolery and was heard to remark about all her boyfriends and husbands who still love her. She warned them, “those men who fight with wife all day get no piece at nite”
My hunch above about leading indicator FARCE BOOK (FB) starting the ball rolling to downside might be right but gots to wait a few days for confirmation. Her testing the 200 day yesterday is best viewed in real-time for elasticity trampoline effect of the 200.
Got a green bar on Daily but JHC under the hood she’s been getting hammered. Below 200 on 1H and 30 min. And divebomb on 15. So if there is going to be any quick recovery or bounce on Daily you will see it first on the 5 min taking out its 200-pd ema.
Same 200-pd strategy should be used on Apple to eliminate for good any possible bear trap by a 4th wave.
I’ve made many a mistake on this 4th wave phenomena and as a result I Long or Short one sub wave too early.
Bummer! It’s an occupational hazard. Even carrot juice ain’t cured it yet. But I will nail it sooner than later