I've lost as well. I'm sorry to admit that, but actually that's the way markets work. Now that many traders have been stopped out, seeing price go up, they want to go long again. Otherwise there would have been no fuel left to get the rally going. Now, some traders are going to recover their losses and others will simply want to seize a new opportunity to go long. That's the way I see it at least.
Yeah, but I'm afraid it's going lower - to the horizontal pink line. It has to do that to shake off some weak long positions and attract new short ones with their fresh SL orders above the recent minor highs. This may be necessary to fuel the prospective rally.