We can clearly see that parabolic runs are being respected until a selling point (break of the parabola) occurs. In every new cycle the time for the completion of the curve is getting extended while it is getting less "aggressive" as far the percentage concerns, the selling point is driving the price inside a downward channel where in every new cycle the channel...
At some point we need to cool off, re-accumulate or get a correction for further growth.
Waiting to give to all non believers the D..the Phase D i mean... But first lets find support above 17000.
December is a month of "foretelling". Keep an eye on the 17 Dec candle and watch the progression of the trend cause it might (as usual) give us a heads up for the upcoming months...
Hidden Bullish Divergence Falling Wedge 200 MA support As long as we dont lose 200MA support or stay above 16K ill keep drinking beers instead of coffee.
"even a dead cat will bounce if it falls from a great height"
17500 rejection is not a good sign A cross below 16500 is a short for me (TP 15800) More likely For now bulls are holding the trendline (TP 18200) Less likely