Gmanns777

Parabilic Price Action: What happens next?

Education
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
In this video I try to illustrate what happens following Parabolic Price Action (when price goes vertical up or down).

In this example I show the initial move up in BTC and then roll price forward to the most recent move up in BTC . Both vertical moves were followed my reversals.

Moral of the story is when price goes Parabolic (up or down) expect a correction.