Symmetrical TriangleSymmetrical Triangles are neutral until a trendline is broken with a trend in that direction. There are gaps under price.
MARA is a former Parabolic arc. ARCS often fall between the .618 and .786 fib levels before turning back up but can fall further. Volatility is common after hitting the bottom. You can often see the steep rise of a parabolic arc better on a weekly chart. The rise is very steep and is not sustainable long term. ARCS form in mega bull trends. "Parabolic arc" is a reversal pattern and has a very predictable outcome. Although they are predictable, they are relatively difficult to trade since the market sentiment is bullish and may be relatively tough to point reversals to 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. The ARC will usually have a slope to it like this )
MSTR made a go for the upside but was beaten back down in to the triangle resulting in a throwback. Throwback is a failed attempt at a break out from a pattern and differs from a pull back. MSTR does appear to be trying to break the resistance of the top trendline the last few days. The bottom trendline is support.
No recommendation
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