Could be a good spot to buy in and ride up for a nice scalp before it drops again.
Buy in at .78 fib, $6658
This is the bullish wave count. This is possible and I'm not too sure what will happen. I'm back in but am being cautious.
If this elliot wave is correct, wave 3 can't be the shortest. As of now wave 1 is bigger than wave 3. Therefore wave 5 has to be shorter. Doing FIB extensions shows it. Wave 3 is about roughly 85% of wave 1. So wave 5 at most will drop to $3000 if it hits a little after .78 fib exension. .618 fib extension shows $4500. The FIB retracement shows $4500 for .78 too. If it drops, $4500 has to be the very bottom worst case imo. On top of that the Macd histogram looks like bullish divegence too.