Here we have 3 separate price failure's ie: Failure to reach each of the 3 different colored median lines indicates a strong probability this market is:
1. Turning UP!
2. moving further in the opposite direction than the move towards the ML.
Number 2: is very significant if the sliding parallel is breached decisively it will move up beyond each of the beginning moves with the right side handle on the pitchfork ( green circles ) I have included the 50% as a resistance level & 61.8% levels as my expected target.
Also note we have confluence with the low lining up with Sequence 12 of all your Fibs, Lucas Numbers and the doubles ( See linked chart for the TABLE ). Good moves are usually preceded by multiple counts lining up with previous high's & Lows. What makes this one interesting is they all line up at sequence 12 in the Table! This shows an extra level of confluence for the TURN! Let's see what happens
Sincerely,
TIK
1. Turning UP!
2. moving further in the opposite direction than the move towards the ML.
Number 2: is very significant if the sliding parallel is breached decisively it will move up beyond each of the beginning moves with the right side handle on the pitchfork ( green circles ) I have included the 50% as a resistance level & 61.8% levels as my expected target.
Also note we have confluence with the low lining up with Sequence 12 of all your Fibs, Lucas Numbers and the doubles ( See linked chart for the TABLE ). Good moves are usually preceded by multiple counts lining up with previous high's & Lows. What makes this one interesting is they all line up at sequence 12 in the Table! This shows an extra level of confluence for the TURN! Let's see what happens
Sincerely,
TIK
