Support broken tends to act as resistance. The video below of $AAPL takes a look at the scenario of failure from these levels and a potential “bear trap” reversal.
are risky and there is no telling if we will see new lows or if buyers will show up near the 5DMA but it is coming into range quickly. There is no point buying at the 5DMA, it is just a location of POTENTIAL support. The correct approach is to analyze the shorter term timeframes … Read More