The same two forks drawn in both Ensign and E-signal. E-signal can handle the drop from weekly to daily and sadly Ensign cannot without distortion of the location (viz a viz the location in relation to the xy axis) and the lines end up skewed and have to be drawn manually in the daily time frame The 1st warning line is the thick red in e signal and yellow in Ensign. The supporting reaction line from the second d sloping fork and the thick warning line appears to have proved strong enough to hold price for the third time since 2009. The Ensign chart also includes the lower trigger line which roughly defines the 2009 low . The daily chart shows the resistance offered on the 'reverse' side and what was a supporting reaction line has now possibly become effective resistance. The 60 min chart at the bottom is simply remarkable and this method of using long term forks/reaction lines to define market structure is the cornerstone of my work to create market maps and my trading approach.The double tops from late July are one of the most reliable and effective signals/formations. Then the local forks are added with reaction lines and you have.....
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