Technical Analysis Experiment

EURUSD broke down the channel started in April 2107 with an head and shoulder, apparently it has already done the pullback on the green support (now resistance). What to say? Classical sell signal with stop inside the green channel. Only adverse signals are MACD and Stochastic in ipersold, but we are keeping the stoploss not far from the current price so it is ok to sell.

Referring to this post The prices closed over the sma50 well inside the long channel. Too bad we have not good volumes sourced to better qualify the movements.

Following this post AAPL went under the sma50 and testing the gray trendline. Sell with stop inside the green channel. The gray is a long standing trend line, first it was a resistance, then a support, it also has been gapped up in the past. If this is an inversion it can go straight to the targets of 150 (head and shoulder seen in the last post) or try a pullback to test the lower trend line of the green channel as a new resistance.

Referring  this post  the sell signal has been confirmed: The target is the lower part of the green channel. Edit: tbh  on a better view considering the volumes (low) and the shadows tracing the gray trendline the signal is not there, yet:  Edit 2 : here it is!