There are 2 scenarios here: 1️⃣ Breaking the previous top first (it can be sharp), then go for a Daily correction 2️⃣ Sliding lower slowly in a corrective fashion.
And it seems the first one is more possible (based on the current small flag shape structure just above the Weekly line which looks like a preparation for an impulse)
On the bigger picture, as shown on the chart, the expected wave / corrective structure, would make a channel for the future long term up move. 🤔
Happy Trading, Stay Green! ✌️
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💬 Please let me know your view about the idea
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