Beginner analysis

[adambanner1904]

I’m relatively new to trading and I’m only just starting to try out technical analysis, I’ve seen that this pattern here resembling an Elliot wave as well as the corrective wave being near the 50% fib retracement and a 100 moving average, also a possible divergence on the stochastic indicator

Just wondering how, if I were to trade it, go about entering, should I wait for a bounce?

[bearish]

If looking for technical analysis with based on the indicator, might be confirmed already, but if the look on chart pattern, still there is a possibility to continue to arise, so I think will better if waiting for a bounce, because RSI also still not yet reach overbought