I don't believe anyone is saying it can't do exactly what you...

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.