Textbook example of a pair trade in $AAPL

Buy the swing reverse because of the double bottom startpoint, and the fact that yoy have room from 585.80 to 587.30/ 588.60.

If that trade fails to reach a partial, or reaches it and reverse, then you can either reverse (or SELL if flat) into what is now a triple bottom brkout of the previous  swing’s low.

The triple bottom brkout is where everyone who attempted to buy the swing  reverse will exit their position giving the brkout some acceleration to the downside.

Category: Technical Analysis