Has APPL run of of GAS?

Starting at a price of $87.56, APPL made big moves and it appears that it might currently be starting a correction-4 elliot wave and still has one more big leg up before a correction. However, big picture dating back from 02' it is also possible that APPL might currently be on it's last impulse-5 elliot wave BEFORE a HUGE correction. Although it is unlikely.

In my opinion, APPL must drive it home in terms of growth and valuation to sustain PPS to keep going higher.

Blue fib and gold fib's are part of genesis fib and the price acts at each time it gets near.


MAJOR Resistance: $369-377
*blue fib
*6.618 retrace (most uncommon)

2 bands of Tight Resistance
-One being $337-346.
*x2 5.618's (common end of wave, more unlikely than 4.236)
-Second being $316-322
*x2 4.618
*4.236 (most common end of wave)

Support: $295-303
*2.618 (common retracement) off small wave
*gold fib

IDEAL Correction: $254-258
*2.618 retracement (common retracement) off medium wave)
*blue fib

Uptrend at risk: $227-230
*5.618
*6.618

Bull's last Stand: $187-192
*Gold fib
*x2 2.618's (common retracement) off large wave

Doom Below (bearish scenario, higher highs shot if hits or goes below): $143-150
*5.618
*blue fib

Comment:

Same mistake: meant to put 12345 elliot wave in the chart of the left.