Based on my Elliot Wave count we will finish the 5th wave above the strong ~200 USD resistance. After buying volume drops you can expect a retest of the resistance, this time as a support. Therefore, you can time your short and enter accordingly.
S
Bulls are defending the 160 support, bears don't have enough conviction to break through to new lows.
My elliot wave count shows, that we have finished correction wave 4 and starting impulse wave 5 to test the big resistance at the 200 USD levels at which you can setup a short position.
