I think the chance that we are going down is high right now. Every correction since the bullrun is splitted in 2 parts. We have only covered 1 part of the latest correction. It also looks like we are still in the descending triangle.
Long term forecast
Featuring:
- Falling wedge + throwback breakout calculation
- Panic line
- CBOE ETF decision on a dangerous moment
- Potential new support line