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Actually quite a beautiful chart, once you remove the noise with monthly candles and log scaling.
Don’t believe in volume defined vacuums? Check the slides up when important volume defined resistance was overcome.
Everybody thinks a parabolic advance has to end in a crash… it can.. but it can also digest gains sideways over long periods of time.
Check out how Tesla handled it’s first parabolic advance in 2013.
Good Look Patrick
Thank you for exposing me to the concept of vacuum. I had not thought of things that way before.
Yes Karl… The market is always seeking a “fair value – a magnet pole”… The buys and sells are like ferric particles… and are attracted to known (and unknown) magnet poles. Then they start gluing to one another… until that magnet pole is overwhelmed and the weight of the ferric particles is too much too handle… Thus releases the them… then they float (slide) until next pole. Pretty cool theory right?