Day chart of $AAPL is stalling inside the core or PRZ (Potential Reversal Zone aka a region where a harmonic pattern completes) of a Bearish Gartley. The initial levels to break and hold are either above 109.78 or below 107.49.
When a harmonic pattern completes, it offers a place of potential reversal or a scaling place enroute to further targets. There's no guarantee which will occur but momentum and price action at a PRZ offers an edge.
Another rejection of 109.78 or hold below 107.49 implies a Retrace Mode attempt having the ideal minimum target at 103.63 and ideal target at 89.47 and scaling points at 104.16, 98, and 92. That is the reversal scenario.
But should price be able to hold above 109.78, thus risk is defined if one is biased to short side, then there's two different harmonic patterns that merge into one PRZ, this is called a Double PRZ at 118.62 to 119.9 area and creates a magnet or calling of price once call hold above the current PRZ. This is the Continuation Mode scenario.
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