I'm thinking along the lines of the following scenario - however...

I'm thinking along the lines of the following scenario - however unlikely.
A short term expanding 1-1.5% wedge either side of current lows to inflict maximum pain before the next major leg down.
Most Put Options In History! pundits will be smugly justified if it breaks these lows and will then back up the truck accordingly. Perma bulls meanwhile will be stopped out and capitulate, reluctantly boarding the submarine destined for 20,000 leagues under the sea. A quick but modest run down to ensure this, before a brutal retrace back ~1% above current lows where the entire scenario is reversed and played out again and again before the next major leg down.
Squid Games meets Big Brother.

AIMO
GLTA