Former Arc. Parabolic Arcs usually land between the .618 and the .786 fib levels. This one fell a bit further than the .786.
ARCs are caused by extreme bullishness and can fall down to the start of the uptrend or even further after the party is over. Arcs are easier to see on weekly timeframe.
3 outside down is a 3 candle pattern beginning with a green...
