Stocks always have a brief rally before resuming a drop.
The second leg of the drop is always equal to or greater than the first.
So for AAPL the first leg was 700 - 500 = 200 drop.
The second leg will be 600 - 200 = 400 (minimum low).
Apple will drop to 400. I guarantee it.
That doesn't rule out 350.
300 is difficult to imagine.
The earnings report was actually pretty good.
The stock, unfortunately, has run out of steam.
You're basically using valuation after a head & shoulders correction. Neckline = $525. Shoulders = $575-$675. Head = $700.
Head - neck is $700 - $525 = $175 then neck - difference is $525 - $175 = $350 target.