Price action just entered an area of historically strong resistance. Volume
looks to have climaxed for the bulls and looks very similar to other volume
patterns in the same resistance area
that did not have enough oomph to push the stock through the price point. Obviously this will need to be watched for many days to determine if it does pull back and become an IH&S but the signals seem to point in the direction of the need to consolidate i.e. pull back before taking another run at the 2.86-2.89 area of resistance.