PEPE (Y23.P2.Video1).Parabolic theory

May 5, 2023

Hi traders,

Here I attempt to explain price action, apply parabolic and fibonacci methodology to guess where the likely top is and what is required to keep the theory valid.


Please give me a like and share,


Regards,
S.SAri

May 6, 2023

Note

Possible BASE 3 here

May 6, 2023

Note

we have been shorting this as it hit the 618 fib (left)

May 7, 2023

Note

60% + pullback from the top is not a good sign for BASE 4 possibility.

May 9, 2023

Note

I see support here but no BASE 4 in sight. Likely to keep going down and that BASE 3 is the topping off structure.

May 11, 2023

Note

#PEPE looks like a macro bear flag

May 11, 2023

Note

ph on the 12 H still bearish