I don't believe anyone is saying it can't do exactly what you are mentioning.
Charting works on the balance of probabilities, if a chart told you the future you could just look at it and become the richest man on earth.
To me the most probable outcome is a pullback and consolidation from here. But as I also mentioned it's wait and see for me because if this does break through the high and go on with it there is a possible explosive move to the upside.
How do you weigh up the likely outcome. If we break through for real the stock should come back and test the $1.94 high and explode back up of it.
If the break of the high is false. It will be a big volume sell into the break of the high followed by a move back which doesn't get support at the $1.94 high. I will wait and see which it is and trade accordingly.
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