
The first two charts are before and after daily
timeframes of the
AAPL setup.
AAPL was very active in the
pre-market and seemingly not very mindful of the market pullback caused by the CPI data released at 8:30. I checked the daily
timeframe and saw that it closed at an important pivot point as marked by the blue arrows.
AAPL had been basing for a month and yesterday's close was strong. I wanted to buy on a break of yesterday's high, but I wanted to see and feel the open before pulling the trigger. I had two targets as marked by the black lines.
As you can see, I released my buy order seconds after the open. The volume was mega huge so I didn't have to worry about choppiness. AAPL did a four stick vertical, momo move and hit my preliminary target after about one hour, at which point I took a partial. I exited the rest of the position into the close. I was holding out for a tag of the secondary target, but it was a little too ambitious.

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