Shares of Apple Inc. $APPL have been consolidating throughout August. As we can see below, the consolidation has formed a triangle.AAPL Daily Chart(click to enlarge)Bulls Losing Steam:- In general, price action has been bullish since the start of September.- However, the pace of this bull run has slowed down. Or, we can say that the second bullish wave since June has been weaker compared to the first wave from January through April.- Furthermore, we can see that the RSI failed to push above 70 during the second bullish wave, whereas it pushed above 70 during the first wave.- Another sign that bulls might be losing steam is that the dip at the start of August corresponded with a surge in volume.- I am inclined to think that price will break down the triangle. - However, a break above $215 would suggest the opposite, that APPL might be on a 3rd bullish swing to new highs on the year. - Otherwise, a break below $200 would be a sign that bears are taking over. - I would anticipate a correction towards that June low in the $170-$175 area, which corresponds to the lows in February and March.- A more aggressive bearish correction to $150 area is possible, but would most likely be driven by a strong general market correction and not a APPL-specific driver.