My thoughts are that we could get a really nice bounce from the 0.618 fib retracement, and if this is not the case, we could trend lower to the $7,950 where we find the 0.786 fib region and from the past we know that this is a zone with a lot of activity and may act as a support. Also take into consideration that the 8,000$ mark is a psychological number also.
Be safe, and chase good trades !
Be safe, and chase good trades !