My first stab at using Elliot waves. But if I have identified the 1st and second wave correctly on the hourly chart, $10,600 is definitely a possibility.
The 3rd wave should hit $10k which is a well rounded figure and a psychological barrier. There should be some profit taking around this level. The 5th wave should hit 0.236 fib levels. Then we should see correction waves a,b and c bouncing on top of the upper downtrend line. This should technically end the downtrend.
GG This is what I currently see. But please feel free to give me feedback on the waves.
The 3rd wave should hit $10k which is a well rounded figure and a psychological barrier. There should be some profit taking around this level. The 5th wave should hit 0.236 fib levels. Then we should see correction waves a,b and c bouncing on top of the upper downtrend line. This should technically end the downtrend.
GG This is what I currently see. But please feel free to give me feedback on the waves.