The Security has formed a Rising Wedge Pattern.

The Security is forming higher highs and Lower highs forming rising wedge. Rising Wedge breakout on the downside has a higher success ratio compared to breakout on the upside.

Currently the security is trading above the Fast and Slow EMA indicating a positive trend, and DMI+ trading above DMI- indicates an uptrend and ADX trading above both DMI indicating strong strength in uptrend. MACD is indicating a positive move.

Security closing above the previous high would be an opportunity to enter a long

1. Security needs to trade above Fast and Slow EMA

2. DMI+ trading above DMI- and ADX trading above DMI-

4. MACD histogram trading above previous high.

Security closing below the previous low would be an opportunity to enter short.

1. Security need to trade below the Fast and Slow EMA.

2.DMI- trading above DMI+ and ADX trading above DMI+

4. MACD histogram trading below previous low.

APPLE forming Rising Wedge

Apr 09 2023