The current trend seems to be forming an ending diagonal
as wave 5 of 5 (V of one higher degree). If this is indeed the case, we should expect a correction, possibly quite deep. Targets to the downside would be 8.00, 6.50, 5.10, and possibly all the way to around 3.40. A subsequent bullish
rally from any of these levels could indicate the completion of wave 2 of a higher degree of the trend.
Next higher degree of trend: https://www.tradingview.com/chart/8NmfP6Ri/