📈 Reversal Signs

This is how we profited off panic yesterday.

Apple iPhone Orders Panic

Yesterday we saw AAPL, along with the rest of the stock market, sell off dramatically after a tweet came out that incorrectly stated that iPhone 16 orders were cut by 10 million units in the 4th quarter.

By the time the tweet was corrected, the damage had been done and the market continued to sell off.

Reversal Signs

We nailed the reversal in AAPL in the Alpha Chasers Community yesterday and I wanted to walk through what I was looking at to determine that because it presents massive opportunity when you have rapid sell-offs like this.

First, make sure you know your levels. By having key levels marked off on your chart, you would know that as we approached $227, this could potentially be a support area.

The next thing to layer on top is RSI. Looking for RSI divergences on shorter timeframes is extremely helpful.

While it won’t tell you exactly when the selling will stop, it lets you know that the magnitude of the move has to be slowing down and that a reversal is near.

We used this signal to build a long position in AAPL that worked out very well.

I walk through an additional trick that I used yesterday on NVDA in the video below: