What do we think about the potential price direction this week, guys?
first down, then up, then down

Why you have to start with down first? You negative nancy!!!!!!!!!!

more pertinent important questions:
will equity markets stay open: I hope that US and UK will, I doubt that they would stay open in EU
will banks stay open: they should, or SHTF
will credit cards work: I am reasonably confident that they would
You are correct to suggest that if some, or several of these things, have to close for any significant amount of time, beyond a few minutes, then that is going to mean continued cascading and lack of confidence... and, sure it is possible to have continued down for another week or two.. or maybe longer..
But we could possibly get up before getting down... which might only be a temporary break in the "down" situation.