A clear, steep downtrend which will spark a massive rally when broken. Except that’s not going to be anytime soon. We’ve seen this movie before.
Trend support suggests price can get down to 103k but it’s only the break lower than 100k that’s going to get retail investors puking their positions.
Only then can we go much higher.
Plenty of talk of the top’s already in for the cycle. We still have until Xmas to make a decision on that.