Our primary view is that Apple is currently in an interim correction that still has some room to the downside but should clearly conclude above the support at $212.94. After that, we expect price to break through the resistance at $288.62 and form a broader high well above that level. That should mark the completion of a major bullish cycle, which is why we then anticipate the start of a new bearish phase. In our alternative scenario, we would have to prepare for an imminent selloff below the support at $212.94 instead, with a probability of 39%. In that case, we would expect a new, more pronounced low to form within our alternative green Target Zone, between $184.64 and $163.01. From there, price would turn higher again.