Judging from the depth of the market, this round of correction has fallen by more than 20%, which is basically the same proportion as the first three corrections of this bull market cycle.
In terms of timing, this pullback lasted three weeks, which is similar in length to the first pullback (25000-19200). However, it was much shorter than the second and third pullbacks.
Therefore, it is reasonable to think that this pullback may fall deeper, buying time with depth, and then trend upward. Alternatively, the market could remain sideways for an extended period here to ensure a sufficient pullback before continuing higher.
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