Prepare for further downside, but in the end, it should continue up as long as it stays above the bottom Purple trend line.
Price failing 21 weekly EMA. It happened 3 times in the previous bear market. I expect similar movement between the moving averages, and one final shakeout to the 5-5500k support. Failing that, it would be problems and could go much lower.
Weekly 200 SMA also to look at as possible lowest correction point, slowly approaching 5k levels.