BPH 0.032Basically a textbook dump and pump pattern or a rounded...

BPH 0.032
Basically a textbook dump and pump pattern or a rounded bottom breakout where price gets dumped consolidates at the bottom then heads higher up the other side.
The classic features to look for in a dump and pump type pattern is an extreme higher high then leads to an extreme lowest low then up to a lower high than the first. This is followed by a consolidation beneath this lower high and the lowest low. usually there will be an ascending triangle and a stop hunt as the parabolic channel is formed. Look for explosive price action often one or two times the original trading range'
Look at any chart on any timeframe where there has been a parabolic rise higher and a variation of this pattern will be apparent.
BPH is currently in the parabolic channel stage of the dump and pump pattern.