Is APPLE $APPL ready and primed for a correction?

Apple APPL had a great run so far in the past few weeks. It has also been running inside a channel which has pushing the price upwards. However, now it has just completed an extended W pattern. In fact 2 of them got completed exactly at the same level.

The current price level is something that needs to eb watched very closely. When W patterns complete, markets tend to have a correction. Market is still bullish and is still inside the channel so even if the correction comes, we will have to be careful with the shorts.

If the market stay bullish from this point above at least on daily/weekly basis then we have an upper FCP zone where it can reach possibly take a correction from there.

In all cases, we must remember to wait for confirmations and obviously manage the risk.