I have not shared this yet but this is my assumption based on a few elements, 1 of 3 "Bullish Scenarios".
In this model, we have 2 possible levels to play out but we need to see a bottoming formation taking place before we can accept this, as time goes by. My expectations is that we should have a boring period, with low volatility as part of the accumulation.
If you missed my other hypothesis, the Wyckoff approach, look at the link below or watch my streams.