AAPL Bearish Setup signals caution with support levels in play

$AAPL The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. The monthly chart of AAPL is raising some eyebrows about how the market will perform in December 2022 and 2023. Typically post midterms, the markets are generally strong into 2023 and the average ROI% is 15% if aggregate the past 15 years of post midterm election performance. Along side with TESLA, the same bearish wolfe wave started developing in January 23,2022. Apple is a company that is known to be one of the largest companies in the world by market cap. And if it breaks 150 and sells off, the entire tech sector sells off with it exponentially. Wolfe waves are great in detecting when a stock enters in bull or bear markets. It removes irrational exuberance and allows the trader to focus price and volume which are the main ingredients in determining momentum. And until the stock price can trade above 155 and close above it for the month of November, then the monthly candle will likely follow thru and aapl could end up retesting it's previous 52wk $183 which would be a double top. At this point in time, I think aapl may be able to rally back above 155 and retest the previous 52 wk high into Christmas rally and January effect. Keep in mind this is a monthly candle so the timing is much different than an intraday analysis. Compare the monthly charts between tsla and aapl and you will see some similarities which will help guide you on your next trade entry, exit or DCA.