Short
Sell: Parabolic move that usually fades.
After Gap moves like this, there is usually a pull back to half way, followed by a bounce into resistance, then a fade to fill the gap.
Strong sell after bounce.
Do not fall for the trap and buy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.