On the left I assume the Parabolic trend hodls, coupled with a double bottom , leading to price increase on the Weekly timeframe
On the right I assume a third breakdown under the same Parabolic trend occurs, as indicated by (1). This provides symmetry for the current formation and allows for the third dip.
Red pill, blue pill
On the right I assume a third breakdown under the same Parabolic trend occurs, as indicated by (1). This provides symmetry for the current formation and allows for the third dip.
Red pill, blue pill
Note
The suggested peak (bars pattern) on the bull chart could just be the initial spike on the (1) move for the bears
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Disclaimer
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.