My first post so take with a grain of salt.
I charted some trend lines and noticed the “W” pattern being repeated, except this time it is being compressed into a short timeframe. After the previous W there was sharp 40% downturn, then bounce to new ath.
It appears we are at the start of this downturn at the moment, but with less amplitude. So my guess would be 20-30% downturn then bounce to new ath within a month.
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