Notice the major breakout above the blue long term line.

The red parabolic bottom rail has become support now as well and was hit on the first spike low of this correction.

A normal pattern has formed, so far, above the major breakout. I won’t be concerned unless we close below the blue long term line and won’t be majorly concerned until we close below the red parabola which may be hit by a spike low one more time.

Zoomed in: