A close look at the 14 Day, 14 Week and 50 Week Benchmarks, with 1.25 and 3.2 standard deviations from the mean. A statistical analysis of price distribution. As the distribution grows, more force is required to continue the expansion. The chart says it all. Potential parabolic up trend continuation in progress. Do not expect a pullback. LONG ENTRY at the expanding 14 day 1.25 stddev upper Bollinger Band (84 x 4H BB). Tight stop.
For better understanding, read Volitility Iluminated by Mark Whistler. Availlable from Amazon in electronic format for a few dollars. WAVE-PM indicator is Whistler Active Volatility Energy • Price Mass, a gauge of of potential energy left within a distribution's expansion cycle. As described in Mark Whistlers book, indicator written by acatwithcharts for Shark Charts LLC. I am not an affiliate with either Mark Whistler or Shark Charts, I get no benefit for referral. Join their Discord, Shark Charts, for more info, and read the book.
Shout out to Dad Shark and acatwithcharts from Shark Charts. Thank you for introducing me to this powerful trading strategy.
For better understanding, read Volitility Iluminated by Mark Whistler. Availlable from Amazon in electronic format for a few dollars. WAVE-PM indicator is Whistler Active Volatility Energy • Price Mass, a gauge of of potential energy left within a distribution's expansion cycle. As described in Mark Whistlers book, indicator written by acatwithcharts for Shark Charts LLC. I am not an affiliate with either Mark Whistler or Shark Charts, I get no benefit for referral. Join their Discord, Shark Charts, for more info, and read the book.
Shout out to Dad Shark and acatwithcharts from Shark Charts. Thank you for introducing me to this powerful trading strategy.
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Also, I am not a financial advisor, this is not financial advice, trade at your own risk
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Do we get rejected by the big bad trend line from previous ATH that everyone draws, lol
We will see within the next few days
We will see within the next few days
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The case for continued up trend: Weekly time periods are highly compressed and are clearly beginning an upward expansion. This is very likely a true bull run ladies and gentleman!
Since we are clearly in an macro level up trend, we must bet with the trend, not against. And we have sufficient compression to continue the parabolic trend.
Target is 14 Day (84 x 4H) 3.2 stddev upper band!!!