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August 6th 2024 today we got a parabolic wedge just clear this today we got a parabolic wedge on the open one two three and then a pullback and then a channel parabolic wedge is a reasonably tight Channel up so itamp;#39;s probably going to get some sort of spike in Channel you can think of a parabolic wedge if you look like a 15minute chart you can see it was more of a spike you can still see the parabolic wedge but get my point on weamp;#39;ll look at a 30 minute chart itamp;#39;ll illustrate it better but the point is on some you can see here some higher time frame this is going to be a breakout so we had a parabolic wedge on the open which is a spike and then we had a pullback in a channel and yesterday we had a parabolic wedge on the open and then a pullback and then a channel and you know sometimes the market just takes a liking to a certain pattern and repeats it a couple of times usually if it happens twice where you would get a Spike pullback Channel or this specific case a