AAPL going to new highs to end the up trendApple Inc.BATS:AAPLEliteTrader101Daily chart has an uptrend channel false break. 1hr shows smart money absorbing all the sell orders forming a hammer, then they push fast at the end of the day to trigger buy orders because the daily is a hammer, so everyone buys on a breakout. Smart money then pushes price back down below the trading range to stop out weak hands who keep taking profits too early, slowing the move up to their liquidity. The volume of the shakeout is low so that means there's no big sellers, so now they start moving the price up above the trading range. It has also broken a downtrend line too. It's the santa clause ralley so prices will go up all week to liquidity at new highs and perhaps close to $300 as its a nice round number. If price keeps going past $290, I would take profit at $298 because they sometime front run the even number. Once a new high is made, retail traders will start buying providing liquidity for big traders who bought at the bottom.