Scenario #1
Updated
Breaking the support will most likely give a lower low, but I don't believe it will continue downwards after this second bottom.
Note
A second bottom would be healthy since it most likely scares a majority of the weak hands away.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.