The parabolic curve chart pattern is one of the strongest uptrend patterns a price can have. This type of pattern goes up the farthest and the fastest as it is under the strongest accumulation and every small pullback is bought by eager traders and investor.The parabolic curve is named after the parabola, because the ascending curving trend line used to identify the strength of this pattern from the price support action looks like a parabola. This strong price pattern can give a trend trader incredibly high returns in a very short time period.
Many times you will see price going up like this near the beginning or end of a bull market advance. This pattern creates short term price range bases before breaking out to new highs and repeating this range pattern multiple times as it keeps going higher.
Many times you will see price going up like this near the beginning or end of a bull market advance. This pattern creates short term price range bases before breaking out to new highs and repeating this range pattern multiple times as it keeps going higher.