Hi, I am thinking its either a 1st leg retrace of an Elliot wave or 1st retrace of painting a bull flag based on those massive volume pumps shown (vs puny volume last 2 days) and the massive buy side stack just dwarfing sellers still. Not even retesting the .78 Fib yet. Last week you had a day of standoff on price where selling was just exhausted and RSI pushed really high but buyers were being greedy on asking lower prices. This is a natural and healthy retrace IMO but I would put my money (and I have) on another push up after this retrace unless the market black swan's?
