I hate to predict huge moves like this, but in this case that is the only thing that makes sense. The only thing which can prevent this powerful breakout in the near term is another descent to 150 level which will be the end of the accumulation phase. On the other hand a breakout above fib78.0 followed by a consolidation
will be seen as an additional confirmation and as an opportunity to add to the position.
will be seen as an additional confirmation and as an opportunity to add to the position.