Parabolic Advance Breached -> Range Bound
I see a clear long-term pattern developing.
First we had a strong parabolic advance, which once breached, lead to range bound trading for ± a year.
Then we had another strong parabolic advance, which once again breached, appears to be leading to range bound trading again.
I will keep a careful eye on how this develops, to see if there are any signs that a new advance is developing, but based on other TA, I suspect we will remain with this range for the foreseeable future.
First we had a strong parabolic advance, which once breached, lead to range bound trading for ± a year.
Then we had another strong parabolic advance, which once again breached, appears to be leading to range bound trading again.
I will keep a careful eye on how this develops, to see if there are any signs that a new advance is developing, but based on other TA, I suspect we will remain with this range for the foreseeable future.
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