Technical analysis by afurs1 about Symbol AAPLX: Sell recommendation (10/31/2025)

Apple has been one of the lagging stocks I’ve analyzed in previous posts, where I discussed its price action as a major underperformer compared to the broader indices and other large-cap stocks. As a mega-cap company, Apple is undeniably one of the key drivers of both the index and the overall market. If Apple begins a correction, there’s a strong likelihood that the index itself will trade lower as a result. Following the completion of a complex combination correction (W–X–Y–X–Z), where the final Z-wave forms a triangle, we can apply trend-based Fibonacci extensions to project the contractionary phases in the market based on prior structure. Since this is a corrective wave, once it completes, price action should rotate back into the broader uptrend, currently surpassing the previous high by roughly $17. I also believe the Elliott Wave count here identifies the current structure as the top of Wave 3. The recent push into new highs appears to be a three-wave corrective structure (A–B–C), with the 1 to 1 trend-based Fibonacci extension suggesting an expansion target near $277 — potentially marking an earnings high and a “sell-the-news” opportunity or, at minimum, a take-profit zone. If Apple starts to break down from current levels, I’d be closely watching for a move back toward the previous most-traded zone, shown as the blue Volume POC on the chart. This would align with Elliott Wave theory, which states that Wave 4 cannot overlap the high of Wave 1. Since the first correction in this structure appears to be a flat A–B–C, Wave 4 could potentially be deeper and more pronounced. A pullback toward the $227 level would be particularly attractive to me as a long-term investment opportunity in Apple.This is the 3 Wave ABC into the peak