I wanted to draw out one potential path for this unfolding we are about to witness. It may not be this extremely and there is certainly lots of signs of bullish activity, but in a worst-case scenario, this is certainly a possibility.
Again, no guarantees, but just one man's bearish outlook of an "ABC" correctional set of waves.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.