$CRV — a pullback before the next wave
The scenario for $CRV allows for the first major upward impulse to end, followed by a correction. Before that, another brief move higher is possible.
After the pullback, the possibility of a new rise remains. Even under a cautious model of a large ABC rebound, the market may still need a final upward leg.
To assess the scenario, it is important to see how the decline unfolds. An orderly correction and the emergence of demand would support it. An accelerating fall that breaks key support zones would call for a different assessment. Strong gains in the past alone do not guarantee that they will continue.
The scenario for $CRV allows for the first major upward impulse to end, followed by a correction. Before that, another brief move higher is possible.
After the pullback, the possibility of a new rise remains. Even under a cautious model of a large ABC rebound, the market may still need a final upward leg.
To assess the scenario, it is important to see how the decline unfolds. An orderly correction and the emergence of demand would support it. An accelerating fall that breaks key support zones would call for a different assessment. Strong gains in the past alone do not guarantee that they will continue.