I mirrored and flipped the left side from the Oct low to ATH's. Using Fibonacci, you can see the levels pretty clear. It's obvious they ran this up until exhaustion where every indicator is overbought and right into overhead supply. Even more clever, they failed to have any type of small pull back, so bears are extinct while sucking in more bulls calling for ATH's again. The perfect set up to trap longs and eliminate short exposure.
- Money flowing out while price rises is classic distribution - You can see, the money peaks, now we distribute - Declining volume
It looks like we'll chop around the 198 -208 (Max) level
Also, right up to the previous level to form the right shoulder and complete the complex H&S pattern.