I can see two scenarios here derivated from past ATH battles.
-Scenario1:
=> We break the ATH with a small 5% deviation => HH confirmed => traders take their profit before eoy.
- Quick Correction (low uncertainties) -25 - 30% (13 - 14k)
- Bounce back without toping past ATH anymore.
-Scenario2: AMZ dot.com bubble plan
=> We struggle to break the ATH => uncertainties increase => Range with slight decrease.
- Slow correction with final acceleration toward weekly 2017 oblique (log oblique)
nb: Time domain scale isn't realistic. Just for better visual de-composition of the target
-Scenario1:
=> We break the ATH with a small 5% deviation => HH confirmed => traders take their profit before eoy.
- Quick Correction (low uncertainties) -25 - 30% (13 - 14k)
- Bounce back without toping past ATH anymore.
-Scenario2: AMZ dot.com bubble plan
=> We struggle to break the ATH => uncertainties increase => Range with slight decrease.
- Slow correction with final acceleration toward weekly 2017 oblique (log oblique)
nb: Time domain scale isn't realistic. Just for better visual de-composition of the target