We have a new down trend forming with lower highs. This could take us easily to the 4000 and if it doesn't bounce back at that level it will probably go down to the 3800, 3700 or even 3500 which should work as a strong support. If that support is broken also then we will see the 3000 again. I mention those values by looking at the Trend based Fibo, pending orders on the ledger and previous resistances/supports.
I think that the RSI and MACD are also in line with those predictions.
WAIT for the bottom and a confirmation of a change in the trend to buy. Don't try to guess the bottom by buying too early.
The target on my previous trade was exactly the target that was achieved, I should have followed the planned strategy, in any case I was stopped out at a nice profit.
On the longer term, this might be only a correction in the general uptrend of the 5th Elliot Wave that could take us to the 6000 value before starting the long term bear trend.
Disclaimer: this is not trading advise but only the ideas for my own trades.
I think that the RSI and MACD are also in line with those predictions.
WAIT for the bottom and a confirmation of a change in the trend to buy. Don't try to guess the bottom by buying too early.
The target on my previous trade was exactly the target that was achieved, I should have followed the planned strategy, in any case I was stopped out at a nice profit.
On the longer term, this might be only a correction in the general uptrend of the 5th Elliot Wave that could take us to the 6000 value before starting the long term bear trend.
Disclaimer: this is not trading advise but only the ideas for my own trades.