I don’t think so. Looks like it hitting a fib peak and will drop back down. But I don’t think you can go with the traditional chart logic because there are two bit factors in place:
#1 massive short squeeze is likely to continue happening
#2 there is manipulation being done by the brokers (RH)
Just remember:
The HF actually shorted 130+% of the float..
… Aaaaand it’s time for the hens to all come back to the roost.
Next week could possibly be one for the history books.
*not financial advice
Good luck