The analyst predicts a 5-12% deviation below the 200-day moving average, currently at $3.17, with potential dips to $2.93 or $2.75. This dip is expected to form the right shoulder of an inverted head and shoulders pattern, targeting $7.50 at the 1.618 Fibonacci extension. A fast V-shaped recovery is anticipated post-correction. Stops below the 200-day moving average are expected to be flushed out before a bottom is reached. The all time high on December down to the low in April used for fibonacci retracement. Correction should be finishing up soon. The analyst warns against selling spot bags. worst case scenario come down to 2.55 range