Just wondering if COI's lovely run up from its 3.75c low has...

Just wondering if COI's lovely run up from its 3.75c low has come to an end here at/near 42c ... well for the mean-time. It's met an important Fib range objective(323.6%) that very often signifies the maximum extension of its "source range"(blue on my chart). 42c also coincides with a 161.8% extension of its last preceding (red)BEAR range.



NOW, just in case you were wondering whether this is feasible remember one of the most used TA principles/tools is that HISTORY REPEATS.  So going back in time on COI's chart to look at what happened from the 2008 Low(@ 3.1c) and observe the 1st range out from that low(3.1c to 13.25c) and note where the 323.6% Fib extension came in at ... 46c! Sure, COI's SP exceeded it by 1.5c but close enough. A little under that was the 100% extension of the preceding Bear range. AND then look at what happened after that high was reached. Now, I'm not saying History has to repeat again here because experience tells this TAer that it may not but just be aware of it and look for confirmation warning signs.