Here is the deal

If you want to buy in, for lower risk, wait till you get confirmation the market is in an uptrend.
Clearly, now, it is in a downtrend. Guessing where it will bounce will have the odds against you. Entering a trade costs money and losing because of a bad entry really is not smart.
So, ignoring my lack of artistic skills, you can see clearly the market goes;
1 UP
2 DOWN
3 CONSOLIDATES (indecision)
4 DOWN
5 ???

So we are waiting for 5 ???? what it will be, when it will happen.. just wait for confirmation unless you got lots of money to throw away.