Want see what a trend looks like when it starts to break down take a look at the AAPL chart posted below. Notice price broke out quickly below the bands. That tells me it’s a powerful move.
I expect price pause here to digest such fast and furious move.
Price is now below my three moving average 5 ema 20 sma and 50 and the averages are starting to change alignment.
When price was moving higher price remained above the 5, 20 and 50 Day Moving averages. Numerical order is important as well.
On the Apple chart we see 5 ema crossing and closing below the 20 sma. While these are in bearish alignment they have yet to seal the deal and close below the 50.
Trend has changed for Aapl as of now. How will it last? No clue but trade with the trend to win!