In order to provide confluence for this micro up trend, we should see the current price drop to 6450-6500. Once this continuation pattern is confirmed and completed, then the next step would be an immediate trend reversal or a bounce. The only way this can become a bullish scenario is if the price is able to get above 7200, consolidate, then continue upward to 8000. I believe the price is more likely break into a reversal before seeing $8000 given the current global circumstances.