Looks like we are forming a pennant at this level. We can probably forget the cup and handle formation. No time for that now. The pennant formation has been a reliable indicator for Probe this year. The 3 month chart shows a pennant formation forming after our last jump to a new high.

rosehill

What Does Pennant Mean?
A continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trendlines, the pennant, followed by a breakout movement in the same direction as the initial large movement, the second half of the flagpole.