Apple (AAPL): Collapse Is Imminent? Bearish Pennant pattern

AAPL has already been affected by a Bearish Head & Shoulders reversal pattern earlier this year (see related).
Now, another bearish pattern has formed — a Pennant (highlighted in yellow).
The price has broken below the Pennant’s support, triggering a potential bearish move.
The target is calculated by subtracting the length of the Pole (in white) from the support level of the pattern.
This target is marked with a blue dashed line at $127.

Is Apple melting down again?
I’d love to read your thoughts.