Thanks to fingerex (www.tradingview.com/u/fineregex/), he noted I got one point wrong and it all makes much more sense now.
Heinzz (www.tradingview.com/u/Heinzz/) also asked "Can you make another chart projecting the parabolic channel into the future to where they meet?" - So I've extended the lines to show just that.
Heinzz (www.tradingview.com/u/Heinzz/) also asked "Can you make another chart projecting the parabolic channel into the future to where they meet?" - So I've extended the lines to show just that.