Charts, page-3499

Reaching $5 today which as you can see is were the upper trend line sits I thought it a good time to check the progress of this rally against the rallies to $4.27 and $4.50 which stopped at this upper trend line.
Thought for a while this rally resembles the first rally very closely in all but volume which was huge in comparison to the next two. Thinking back it's clear it was not just breakout volume but a combination of that and willing sellers like myself converting shares to options. This special circumstance means subsequent rallies may look smaller and make people think them not as powerful. The options conversion trade provided far greater liquidity than there would otherwise have been IMO.
Have redrawn trend lines after making new highs to reflect possible overhead resistance that should be encountered around these levels. But where are we in comparison?
The coloured vertical lines reflect the exact week pertaining to each colour in each rally.
Yellow - The beginning of the rally in earnest. Technically current rally started at $1.92 not $2.
Green - The week the MACD crossed over to accumulation. These all happened 2-4 weeks after rallies began.
Grey - The high in the Money Flow Indicator. Now here is were things get interesting. 1st rally MFI hit its high just 3weeks after the MACD crossed, stayed in overbought territory for another 9 weeks(coinciding with the time frame of the current rally) before dropping as the SP climbed to $4.27. 2nd rally the MFI and the rally high aligned. Current rally has seen the MFI rising and is aligned also with the rally high.
The big difference is at this time(16 weeks) into the rally the second rally to $4.50 was over.
Light Blue - Rally position after 16/17 weeks. Rally2 is finished. Rally1 had another week up( this week) before a 4 week pull back of approx 30%.
Current rally, bumping up against resistance, indicators far stronger than both previous rallies with volume problematic technically in Rally1 due options. The close structural alignment with Rally1 signifies there is at least 10 weeks to run before at top. However as it looks to be a wave 3 of 3 it could be stronger for longer.

Is this gospel, no. Picking highs and lows is a mugs game. Looking at historical data to give an understanding of where we are at this point in time. One was all over already and one went on to make big gains. This rally aligns with the latter scenario IMO. Looking forward to see how it plays out.