$8245 Has been broken,Next stop 7.8K
There will probably be a small bounce at psychological 8K support but it's just that physiological.
I can see it bouncing to between 8.2K and 8.3K on its way to testing the .618 Fib region(7.8K Red wave A).
Lets hope I'm wrong and it holds for a good bounce back up to the 8.9K
Another red day on the charts as price fell through the $8,330 level.. I believe price will continue to fall over the course of the week and test the $7,870 region!
I'm thinking it will hold if it does go to the 7,8K. I see a lot of buy orders set near and a little above that price.I'm laddering in from 7950 to 7800.