Short term trade idea: Long
Still within descending channel.
Expecting downtrend towards 0.78 Fib level.
Then followed by a breakout towards Elliott Wave Count 4 @ $9000 level.
Long term trade idea: Short
Elliott Wave Count 4 @ $9000 level should be followed by a dip towards the macro 0.168 Fib level @ $7300 level.
Still within descending channel.
Expecting downtrend towards 0.78 Fib level.
Then followed by a breakout towards Elliott Wave Count 4 @ $9000 level.
Long term trade idea: Short
Elliott Wave Count 4 @ $9000 level should be followed by a dip towards the macro 0.168 Fib level @ $7300 level.