If Elliot Wave Theory works and if we are on 5th wave, it's possible that we will see under 6000$, approx 4500-5000 $. Than the ABC correction starts up to 11800.
This is not a financial advice, just simple man thoughts!
In my opinion,if Elliot Waves Theory works we are at 5th wave. Hard to predict where it ends but approx 5000 $ seems good point to starting ABC corection .
I am rookie at TA, do not take it finance advice.