Is Apple in for a big downward move? If the current wave is an ABC from 12345 up (End 2018 to start May 2019), then we are probably in B of ABC down. Crossing Red line around blue arrow would make this analysis doubtful and at 200 level it would be improbable.
If it is correct we will see Apple at around 165 before meaningful bounce back.
On an even larger scale...
Now in corrective wave down 4 of 3rd wave of 12345 active expected 1ste resistance at 192$ (38.2%) if breached then resistance around 184
then possibly up to 215 again for wave 5 at the earliest in Q4 of 2019
! sell in may and go away
An Elliott wave count on a 6 month chart of AAPL. Possibly the gap up of this week (1st of May 2019) shows a 3rd wave within a 3rd wave. Confirmation should come from breach of green upper channel line. Breach of lower red channel line will void this analysis and prediction.
Elliott wave from 2005 12345 now in C of ABC correction already past 50% retracement nearing 61,8%. After that could come the next impuls up wave. Start to coincide with major war threat or flat out war.
Short while to go.
Threat in the air: Turkey provoking Russia and trying to get NATO involved. Geopolitics: second front against Russia in (again) a proxy war...