Chart

Trend cycles are nothing new to observe and all breakouts unfold in one of two ways, that is either bearish or bullish depending on what happens at support and resistance levels..yes we can all breath a sigh of relief  that the gap has been filled now.. a major psychological deterrent/attraction  for traders more than anything else perhaps, the retrace from 026c to the gap at 01c  has been a 3 wave decline of that initial spike in late Nov ( a deep 3 wave correction to the 76.4% Fib") what we need to see now are some signs of a new wave back up...ie : price finding support around here and then breaking up through some short term Fib resistance levels...the weekly MACD is turning down right now though as a result of this long lasting correction/retrace..and if it gathers any more momentum in the red from here then I think its a sure sign we wont be seeing any resistance breaks for a while....critical spot right here.