I pulled up a full retracement on the previous range and noticed the market was respecting the big 50% and then pulled up nicely on the horizontal 25% ( Also 50% of last range down ) level as well. I then drew a nice downward fork to see if I can predict the next move to the and as you can see I have a test of the upper parallel and possible low risk entry.
You will also notice I have had nice turns on my predetermined vertical timing lines ( V1,V2 etc.) across the top from V1 to V4 so if V5 holds below the upper MLH and Hagopian line and reverses things look good for a short.
Timing Is Key!
I have attached an updated chart which shows additional symmetry, I have changed the fork to a Modified Schiff which lines up perfectly with the hagopian line, this may indicate the turn to come in on purple vertical V6 instead, either way it's lining up for a short! Let's see
Talk about a breach of the hagopian line & an explosive inversion at V5. Pitty, this one went to the keeper. What we can learn from however is that these timing lines at times can invert and when they do the move is quite dramatic. I will re-adjust my fork if this turns out to be a high
PS: No short entry was activated