The bears have once again pushed Apple down to the lower border of the green target zone between $170.89 and $185. We continue to believe that the stock is in an overriding uptrend, but for that to be the case, it now needs to climb higher. In this scenario, the white wave (III) is expected to end well above the resistance at $198.23. However, it is important to note that our alternative now has a relatively high probability of 41%. If the price were to fall below $167.62, the first task would be the grey wave (IV).
