predictable, they are relatively difficult to trade since the market sentiment is and may
be relatively tough to point reversals to trade. Most "Parabolic arc" patterns have a significant
correction of 62% from the top.
Trade: After a parabolic base, prices move up vertically and eventually the acceleration comes
to a stop and then reverses. Prices start showing lower-lows and may attempt to regain the top
again. Enter a "short" trade at the second failed attempt to test the peak or at the
breakdown connecting the major swing lows.
Target : Measure the distance of the rise from base to the top. Most parabolic arc result in 62% retracement.
Stop: Protect the trade by placing few ticks above the high point of the Parabolic Arc.
in which time frame we can use ???