Looking at Apple using principles and the strategy, we have confluence at $160. We may drop a bit to $110 and bounce from there.
Apple just completed an correction as part of a wave 2 and is currently undergoing a wave 3. The confirms this bounce off the 1-band in blue, heading to the median and then the 1-band extension on the other side which lines up with approximately $155-$160. Because the daily is overbought, we may see a drop in the short term back to the 1-band on the followed by a bounce to the median. However the 2 and 3 day is still rising, so as long as we are above ~110, this projection is valid.
The equal legs target of the confirms this range (approximately $156).
Stop loss below ~110, PT of ~160