Leg #1 complete, going to be a run/retrace pattern, not a flag. Because retail volume following is not there!! Just work out the stall channel ratios (up/down/stall) to see when to expect new breakout on PR.
Something fishy about the volume, almost looks like retail stopped believing real fast for some reason. Should have lots of reload averaging down volume, off the retrace turn up.
No continuation support right now. It's going to channel IMO. Watch the 38/61% FIBs ! IMO retail may dump in channel and the play fall appart. If the insiders don't put out execution news of some kind. Looks like too much fluff, scared retail already. Go figure?
PS; forgot to put in the chart the ADX, Note the strong increase in interest level, but the was NOT increase in price! The ADX reached 50 line, calling for strong move off accumulation. IMO
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