On current movement we have room for a small pop up to around 6850 max before it begins descent to retesting 6300 range.
However once 6300 hits I would consider building a long position around that price range, keep in mind it does have potential room to test the 6100 region. regardless ones focus should be building a long a position.
By end of July or Mid August we should see a test at the 7600 region. This is the close target area for the long positions you built from the 6300 region.
After closing your long, begin building a beefy short position at price points around 7600. As we should begin our final descent to true bottom, aka 4800 region.
Once 4800 region reaches, close your shorts and begin building longs!
However once 6300 hits I would consider building a long position around that price range, keep in mind it does have potential room to test the 6100 region. regardless ones focus should be building a long a position.
By end of July or Mid August we should see a test at the 7600 region. This is the close target area for the long positions you built from the 6300 region.
After closing your long, begin building a beefy short position at price points around 7600. As we should begin our final descent to true bottom, aka 4800 region.
Once 4800 region reaches, close your shorts and begin building longs!