Why I am buying apple on Monday

Here’s why I am looking to buy AAPL on Monday.

1. Inverted head and shoulders setup seen above on a 240 minute chart.
2. 518 – 525 is the buy zone I am anticipating a long entry.
3. 61.8% retracement from the 504.75 low to 555 ripper we saw this week comes in about 524.
4. Previous swing point from early December (created left shoulder) about 518.
5. Also  518 coincides with the previous break out area that ignited the move this past Monday
6. Finally take a look at this chart posted by @hftalert  whose work I do subscribe too, http://www.hftalert.com/aapl_lows.htm

I actually purchased 1/3 position Friday after hours as apple continued to slide down at 525.21. I will look to make that a full position on Monday and I will be using roughly 515 as a stop.  Trading below 515 would indicate to me the lows want to get tested again.  Again this is just a trade, not a stance that I am married too, simply risk/reward and probabilities aligning here for my personal risk tolerance and trade style.