Sometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
Parabolic Breakout, to the Upside should it occur would be the endgame, final bring everyone in "BULL TRAP"rally of the ages.
Avoid it like the plague.
It will ultimately end badly when it reverses to the DOWNSIDE.
Avoid it like the plague.
It will ultimately end badly when it reverses to the DOWNSIDE.
Thank you for your post.
Very illuminating.
THE_UNWIND