Your chart (theory) is correct, trend lines are good. Both...

Your chart (theory) is correct, trend lines are good. Both breaks were meet with higher volume which is good and the subsequent minor retracements had decreasing volume which is also a good sign. My only concern is that the bounce off the fib was not very well supported as shown by the low vol today. If we can hold here and with any signs of increased vol I think we will break the $3.00 with first target $3.30.