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Fork as of yet unconfirmed, but showing good frequency
Watching candle structure for indication of LP rejection
Typically price doesn't hang around too long, and either reverses, or accelerates through..
Fork "C" pivot confirmed, down swing underway
If #dx #usindex can clear the mod schiff median it gets quite bullish - target the ABCD 1:1 confluence of regular fork median & mod schif UP
Standard Andrews stuff: price breaks out of the current controlling fork, and often backtests the line before heading on towards its next probable destination - in this case, the magenta fork median. Needs to get below that dash greu multi pivot line to copnfirm
Looking like a lower fork high forming, wud be confirmed by breaking lower from the inside candles. If so, blue lower parallel is the minimum objective, with maybe that corrective energy point coming into play.
Downtrend last swing high broken by 5 wave impulse upswing. Possible corrective abc has ended around the 78.6% retrace. Blue upfork yet to be confirmed; if it holds, will target blue median as objective.