Price has moved way above this curved trend or parabola
in the past it has been seen as a strong support and continually pushing price up
when breakdown occurs this curve will be seen as a resistance instead of its normal support. Just the opposite.
Strong top along horizontal dotted line, leading to breakdown.
in the past it has been seen as a strong support and continually pushing price up
when breakdown occurs this curve will be seen as a resistance instead of its normal support. Just the opposite.
Strong top along horizontal dotted line, leading to breakdown.