Previously noted as a buy around an area of consolidation and Cost Basis (refer related article), the parabolic retrace is a sign that buy at limit at lower prices is appropriate, and any cover writing or exit longs could consider these price levels to reduce exposure.
well could or settle at a neat 1k. but the point is, dont get trapped at the top of a parabolic trend because anout 100% probability of a retrace...buy at lower levels than the HH. Commonsense really.
VIN786
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You are implying that it could go down to $900 or a little lower, it is possible.