Will AAPL stay in this purple channel, or break out?

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I'll admit, I am having a hard time predicting the market with this high volatility . My current guess is that we are heading down, but perhaps not before bouncing off the top of a descending channel . For AAPL             , I have drawn this with a dotted purple line.

If AAPL             breaks above the red line (and the dotted purple channel) I will change my position from short to neutral.
I favor down too. Bearish engulfment candle today usually leads to more down. Thanks for sharing
goodguy goodguy
The BE is on the daily chart.
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