Each white line (horizontal & uptrends) are support levels & potential downside targets for AAPL (as well as the red 200ema). Unless AAPL can regain the first minor uptrend line which it has broken below today, the odds favor a move down to the next support level(s) which come in around 120.40-122ish.
AAPL daily April 30th
I’ve highlighted the only other instances of divergent highs over the last two years (other than the current one), both of which resulted in substantial corrections (~13.5% & ~8.25%). As of today’s lows, AAPL has only fallen about 6.5% from it’s all-high printed on Tuesday. The fact that Tuesday’s new high also helped print the aforementioned bearish reversal candlestick, which has now been validated via follow-thru to the downside both yesterday & today, my take is that this correction will most likely match or exceed those prior corrections that followed the other divergent highs.