An idea worth considering...(rally scenario)

When in a strong uptrend, a 0.382 retracement is a considered to be a healthy pullback. In this example we did clearly deviate out of the 382 but were then able to reclaim it as support. The idea here is that we could be seeing a healthy pullback before another rally. I am not a bearish or a bullish trader... I simply observe what the charts are serving me and try to see things for what they really are as appose to getting caught up in all the jazz.