I think some more formation and a breakout will let us know a short term bull or bear pattern. If it drops, the flag and pennant tells us to potentially experience a $100 drop, considering the previous drop i.e. flag pole. Although I cannot see it dropping too much more. What's your thoughts? Are we near the end or is there some more drops?
Also, do you think there'll be an H&S or a longer term W formation? I'm still new to this. All considerations are welcome.