This fundamental view is supported by impulse pattern unfolding down into the last wave 5 (brown). This impulse pattern is the last wave C (blue) of the bigger corrective pattern.
Now price is at 2009-01-01 low 32.00 which worked as strong support last time. And the second at 26.00.
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In the the hypothetical medium term TA perspective I see possibility to go even below $26 but it is not a recommendation to go short into that level.