Former Parabolic Arc with earnings tomorrow before market opens.
Arcs fall between 50 to 79% as a rule with the average falling between 62 and 79%. It is possible to fall more than 79% and also possible to fall less than 50%.
PDD has fallen more than 62% and less than 79% so price is in the average fall zone. Price can remain volatile for some time.
Price was below the lower band set on 80 briefly before snapping back inside.
89% would fall at 49.60.
No recommendation.
Counting on Mr. Market to do the same thing twice, can leave you disappointed.
Arcs fall between 50 to 79% as a rule with the average falling between 62 and 79%. It is possible to fall more than 79% and also possible to fall less than 50%.
PDD has fallen more than 62% and less than 79% so price is in the average fall zone. Price can remain volatile for some time.
Price was below the lower band set on 80 briefly before snapping back inside.
89% would fall at 49.60.
No recommendation.
Counting on Mr. Market to do the same thing twice, can leave you disappointed.