Chart of the day

AAPL is reaching the top of the rising wedge and a possible fifth wave upside of the fifth long-term wave. A rejection from 198 and a pullback lower is leading to a test of 190.

A break above 200 is required for an extension higher and an upside continuation. A confirmed break below 190 short-term would confirm that a medium-term top is in place and a swing lower to 180 would take place. 180 is the most significant downside resistance now and a break below is required for a complete reversal downside.

The long trades, you can open only upon a confirmed break above 200. Short trade entries you can open upon a break below 192 with the stop loss above 194.