By Micah
CEO of Wall Street io
CEO of Wall Street io
Topping Tail plus Bearish MACD Divergence equals Caution
Whoa... what a week. On Tuesday the market formed a massive topping tail. This happens when price moves way up, then during the day sells off aggressively forming a candlestick tail.
This kinds of patterns often signal a reversal in price. Also, I've been highlighting a bearish divergence in the MACD.
As we head into the middle of August it is important to do a quick check in on Seasonality. This tool can help you see longer term trends in stocks months before they happen.
I like using seasonality charts combined with shorter term swing signals like the MACD. When both are showing the same thing you've got a nice trade on your hands. In today's video I show how AAPL's June and July seasonality plus the MACD set up for some sweet swing trading set ups.
Trade Safe,
Micah