The uptrend isn't parabolic, but another name for it, I guess. But we understand indicators can move along in time, and the retrace hasn't been favorable to bears. A stretch outside the Keltner and/or a touch at the second layer of resistance may be enough to bring this down more than a peg or two. It's to be seen, but for now, I'm bullish on continuation to the upside along the upper band, almost like distribution.
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