Previous charts of the broken parabola were obviously meso tf being that the parabola was only drawn on part of the recent movements and not from the actual true bottom, which did react as expected with a nice drop once it was broken
If the parabola is drawn on the macro tf, we have stayed above it while filling the CME gap - bullish
Alts remain bullish and longs have been squeezed, people are indecisive here
I do believe another run up from here is in the books being that everyone was shaken out of their positions thus far and rejection / accumulation around the monthly pivot still strong
We could bust up through 10k even if we get strong enough FOMO and bullish continuation on the macro from here
If the parabola is drawn on the macro tf, we have stayed above it while filling the CME gap - bullish
Alts remain bullish and longs have been squeezed, people are indecisive here
I do believe another run up from here is in the books being that everyone was shaken out of their positions thus far and rejection / accumulation around the monthly pivot still strong
We could bust up through 10k even if we get strong enough FOMO and bullish continuation on the macro from here