$AAPL #TOP #a-b-c down
AAPL looks having topped in its rally from the 2009 low. So, what should we expect next if the stock made a major top?
I would anticipate a significant A down – B up – C down pullback, potentially down to the 130 level, which could unfold over several months or even years. However, this decline is unlikely to happen in a straight line. Along the way, several key support levels will come into play.

AAPL Daily chart
One critical resistance to watch is 237.23. It’s likely that algos will push AAPL above this level to trigger short-covering by retail traders. However, if a break above 237.23 is followed by a swift reversal back below the level, it could set up a textbook failed breakout shorting opportunity—a reliable bearish signal.