The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top.
Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves.
The final phase is a usually the most violent in its upside...
This sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh.
Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form.
Bought a 50...
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NOTE : Sorry I misplaced the trump's election in the timeline... Sorry about that little glitch !
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Good luck with this parabola, what goes up must get back down.
Hysterical movements are not organic, you wont be advised, ultimately there will be an 80% circa retracement move.
Gold still manages to push further up. This is most likely due to the heavy volatility and uncertainty around the indices. Right now Gold is touching long term trend support that turned into a resistance after we broke it earlier this year. Next to that, the price has been moving up in a curve like structure which is never a sustainable move for the long term....
Trump's presidency was followed by a statistically significant increase in stock prices,(*) which climbed parabolically during anticipation of tax cuts and consequent economic stimulation. Even if Trump's agenda proves to stimulate the economy long-term, at this moment in time, and since February 2018, investors are less confident in their prior rosey economic...
Ive been watching BCHSV closely and I belive that if broken, a broken parabolic movement could lead to a 30%-80% fall, and by analyzing Fib retracement it would take to the yellow line zones. If the bull movement persists we might see a new high.
After we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit.
Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So
I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible
the last wave could be a wick and mark the end of the 2018 consolidation....
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