I hate this label..because it will look like one then it blasts off again!
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This one is not despite good nes, then bad news etc Volatile yes, but I have been afraid to touch it and I am not sure it would have mattered what the news was if it is indeed the P arc pattern
Most return to 50 to 62% of their rise in correction mode. 50% would have been 52ish and we are past there, past 62% as well. Where will she land?
I am guessing 28.3ish??? lol I have no clue
No telling...I am watching it though
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic Arc patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
This one is not despite good nes, then bad news etc Volatile yes, but I have been afraid to touch it and I am not sure it would have mattered what the news was if it is indeed the P arc pattern
Most return to 50 to 62% of their rise in correction mode. 50% would have been 52ish and we are past there, past 62% as well. Where will she land?
I am guessing 28.3ish??? lol I have no clue
No telling...I am watching it though