Went through the last resistance like a knife through butter, but hopefully the next resistance level at 0,5fib (153 - 163) will hold and new uptrend will start.
On a personal note, I failed to sell a position at around 246. In retrospect, the signs were clearly there. We were at a B-correction of the Elliot ABC correction pattern.
Price dropped from the B channel at around 246 to start the C correction wave that we're currently in. Volume was low on the rise, indicating not many buyers and sellers were waiting for a good price to start selling. Stoch and RSI were also indicating decreasing momentum.
On a personal note, I failed to sell a position at around 246. In retrospect, the signs were clearly there. We were at a B-correction of the Elliot ABC correction pattern.
Price dropped from the B channel at around 246 to start the C correction wave that we're currently in. Volume was low on the rise, indicating not many buyers and sellers were waiting for a good price to start selling. Stoch and RSI were also indicating decreasing momentum.