Current bullish overhead supports around $8300-8400, while the bearish bottom since the last growth period remains around $5700. Based on the baseline supports and consolidation underway, the chance for institutional investors to enter the market seems ripe. Here is another simplified version indicating another idea for the wedge and supports:
Please refer to my previous idea on the matter, as this is an update of it:
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.