Sometimes we can`t see the forest because we`re staring at a tree. Sorry about that. That`s why I didn`t really push the idea to sell here at 16000... something just did not feel right.
My idea now is that we are going to have a retrace now at the half way point but that makes complete sense because we would expect to be turned down at the top and have to take a second run at it.
You know, charting from the bottom is like trying to figure out the end of a story having only read the first chapter but as the story unfolds it becomes increasingly easier to deduce what the ending might be. This is why it is important to approach your charting with zero bias (fundamentalists) and re evaluate continuously.