Full disclosure, I've already sold out of my longs with a nice profit after picking the bottom at $323. That said, I don't expect it to stop until it reaches about 490. After that, just look at volume
. Either volume
fades and price begins another downtrend or it will be a bear
trap. I may buy in again if we get a retrace soon because the volume
is still increasing with the price, but we can't count on this breaking $500 just yet. Overall, I'm still feeling bullish
because of the volume
. We're still going to have to see more if we're going to go full parabolic, though.