I updated the slope of the parabola. Now it touches the dashed trendline togheter with the parabola. Resistance at 11k.
To the naysayers: this parabola can be violated. If violation is confirmed, espect an 80% retracement. 80% is calculated from where parabola starts.
To the naysayers: this parabola can be violated. If violation is confirmed, espect an 80% retracement. 80% is calculated from where parabola starts.
Comment:
If it passes early July low, around 9600, we can probably say parabola has been broken.