I mentioned that broken parabolas retreat on average 80% when measuring the movement from where the parabola started, to the very top / crack of the parabola.
The figure of 80% is "average". And then here I shared a few examples of parables from various markets, as well as BTC parables that happened before and how much those movements retreated before growth continued.
I also mentioned that some minimum withdrawal is in most cases 60%. Ie. the cracking of the parabola causes a pull of 80-60% of that movement. In most cases it is a minimum of 60%. It is not engraved anywhere that it has to be so much, it can be less, but here we are guided only by statistics on how it has happened several times so far in various markets, including crypto.
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.