SE/N trade ideas
Parabolic Arc?It seemed as if SE would never come down there for a while..but she is falling back to earth
If this is a parabolic Arc pattern, which it very well could be, they usually fall 50 to 62% of the prior rise in correction mode.
The monthly candle looks horrible so will see where she lands. And just looking at the top wick on that monthly candle is scary!
With gaming becoming so popular during the corona period, which will most likely will not be cured until after the elections are over, I am thinking this one may only fall the minimum if it is indeed parabolic. I see support below but this one is in a strong down trend as of now according to ADX
so be safe!