Now this is scary!

An update on my May 5 idea:

I tweaked the parabolas to accommodate the latest price action and added the radial lines a, b, c, and d. I did “cheat” (with some reasonable(?) TA rationale) on lines a and c, and I note that lows and highs occurring early or late in a day would affect the slope of these four long(!) lines.

The results are scary. Line d suggests that a flash crash could happen over the next few days -- even today. I don’t believe this will happen, but in the spirit of TA Ideas, I publish this to show why it could happen.

This is not trading advice.

And yes, I know, I'm using very unconventional TA, but hey ...

Sincerely,

Bullbearish
(I'm a Bull, but Bear happens.)
Chart Patterns

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