PEPE (Y23.P2.Video1).Parabolic theory

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Hi traders,

Here I attempt to explain price action, apply parabolic and fibonacci methodology to guess where the likely top is and what is required to keep the theory valid.


Please give me a like and share,


Regards,
S.SAri

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Possible BASE 3 here

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we have been shorting this as it hit the 618 fib (left)

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60% + pullback from the top is not a good sign for BASE 4 possibility.

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I see support here but no BASE 4 in sight. Likely to keep going down and that BASE 3 is the topping off structure.

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#PEPE looks like a macro bear flag

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ph on the 12 H still bearish