It appears VET.X has finished it's parabolic step pattern and has reached it's selling point. In most parabolic patterns, the asset will retrace back to step 3. Be careful up here!
That buy zone is ambitious. Thats a long drop down.
MarketMotion
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@HoneyBadgerZA, it’s just a typical parabolic pattern and how the ly “normally” trade. I have posted many. One being AAPL and we called for 110 but bounces and 116 from high of 145.
cartridge2555
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@MarketMotion, Do you think green square is a strong support line or it might go lower than that?
MarketMotion
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@cartridge2555 it’s where the support is but typically you will see some consolidation and it will form new patterns to project the next direction from.
HoneyBadgerZA
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sold
MarketMotion
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@HoneyBadgerZA, May go a little higher but should be close and in dangerous territory.