Short term trade idea: Long
Still within descending channel.
Expecting downtrend towards 0.78 Fib level.
Then followed by a breakout towards Elliott Wave Count 4 @ $9000 level.
Long term trade idea: Short
Elliott Wave Count 4 @ $9000 level should be followed by a dip towards the macro 0.168 Fib level @ $7300 level.
If a breakout formed at the end of the current falling wedge, we might actually see the formation of Elliott Wave 4th count at about 8670 @ 0.5 Fibonacci level. Which might follow with a drop to 5th count @ 0.618 Fib.