AAPL has trended very well using long term charts and this is a unique time frame that you can create here at TradingView to give something a "look" that no one else has. What if you group bars into 3-days at a time? What would the chart look like?
What I am pointing out here is an indicator called Range Movement (RgMov) that whenever it hits a 44-bar high it means the trend is up and when it hits a 44-bar low it means the trend is down. Simple as that.
I have plotted the signals, which are only a few going back to 2010. You can see that all three of the signals were correct because the chart of AAPL tends to "trend" and when it goes down, it continues down and when it goes up, it tends to go up a lot. Many thousands of millionaires have been created with AAPL stock going up so much in the last 10-15 years. But that's besides the point.
What I did also was replicate what happened after the last sell signal to show what AAPL shares did and paste it onto the start date of the current "downtrend" signal. In the last signal AAPL fell an additional 30%. The current signal has AAPL down just about 5% and it fell 20% to the August low.
Time will tell, but I felt this was worth your time to review and see what I can create with TradingView software and a creative eye.
Regards,
Tim
Short 111.70 last - 120 stop - 86 target in 6 months
October 12, 2015 1:25PM EST