Remember this green horizontal pitchfork from previous posts in recent days? If you read
my coursework and my own advances in reaction line & pitchfork theory you will know that my own study and observations reveal that horizontal PF's have a 45% greater probability of pivot formation/creation at their centre lines than normal Andrews PF's that can be highly unreliable when used alone. This doesn't mean to say that we are seeing a bottom here but you can say with alarmingly high probability that you will see a bounce of some degree or other.
Expect a second touch on this green CL now and possibly a penetration.
Here below are the same charts as in the previous post. Remember all reaction lines here are drawn by auto indicator and even tho i may manually thicken them they are not arbitrary trend lines or multi pivot lines
Below FNL forks reveal the line of first resistance ( reaction lines) using the end of the first impulse wave in the VIX and also show a classic Andrews PF in black
using two different pivots
Close up
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