APPLE Weekend update

• First chart shows a triangle shaped price consolidation in apples daily chart. What ever it is if price does not break above that resistance line apple will start to correct. Initially price may come down to the support line of that pattern.
• Breaking above the resistance line will solve the problem for the bulls.
• Correction may take apple to 318 - 320 levels  initially. Price is trading well above its 20 and 50 DMA. So weakness in price will be visible only if it starts trading below 20 DMA.