Chart of the day

AAPL is breaking above the strong resistance of 188. We can see a pullback here before extending higher or an immediate extension to 204.

This is still viewed as the fifth wave of the upside five after the AAPL bounced from the 174 support A break below 173 will confirm that the upside five waves are possibly finished and open a short trade possibility.

Long trade, You can open here with the stops below 184 or you can wait for a minor pullback. You can only open short trade entries in the case of a confirmed break below 174. We favor the long trade entries as we expect an upside extension from this vital support at the rising wedge. You can trade this price action using an options strategy as well.