Possible Drop to 144-150 range before continuing?

If we are beginning a new Bull trend, this scenario looks much more likely to take place rather than the "to the moon" ideas I see elsewhere. Am I wrong to suspect this new channel will be a much more gradual slope than what others are predicting?

I suspect a drop down to the 135-150 range will happen before the new Channel will establish completely.

Sorry, I'm no expert. Just a realist.