Breaks of a Parabolic Trend

Right now we are experiencing bearish action which will ultimately result in a break of this parabolic trend, this might seem grim, however the past two times have led to a recovery of the trend
This might occur again and the bull market will resume.
The white zones of the RSI are the break points of the Trend
I am suggesting a further down move, but a stronger recovery to follow this.
I do not believe the Bull market is completely over. Perhaps im a permabull.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.