NFLX SHORT IS COMING
During a parabolic move, the price goes up in a steep upward incline on a chart as buying increases dramatically bidding up a price higher and higher with little if any short-term pullbacks.
A parabolic move on a chart is one of the most powerful types of chart patterns showing extreme fear of missing out and chasing prices higher and higher until it depletes all possible buyers. A parabolic move many times can go into extremely overbought readings over the 70 RSI and be over 4 to 5 deviations from the 20-day moving average. Additionally, we have an island reversal at $260 areas, so we have multiple confirmations which makes a higher probability.
Good Luck :)
A parabolic move on a chart is one of the most powerful types of chart patterns showing extreme fear of missing out and chasing prices higher and higher until it depletes all possible buyers. A parabolic move many times can go into extremely overbought readings over the 70 RSI and be over 4 to 5 deviations from the 20-day moving average. Additionally, we have an island reversal at $260 areas, so we have multiple confirmations which makes a higher probability.
Good Luck :)
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.