In this idea we see the price action moving in to be squeezed to the apex of the triangle and then a breakout will occur. We have a high percentage chance of a breakout to the upside. I have laid out a projection of what the path may be for the price action. If you agree throw me a like and follow me for ideas and concepts.
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This is the exact same movement as we saw before the parabolic movement this week.
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To fall right in line with last weeks pump we want to see this bowl shape form. So far we got rejected by the .618 as projected. Looking for a rejection again and rounded bottom back up to break the trend line. If we see that it should confirm another parabolic movement.