The dual Fisher 34/100 along with the 34ma is a reliable signal system for spotting minor & major bottoms / tops and trend reversals. The basic signal: when both Fisher are above mid point trend is and when both are below, trend is . But like so many indicators there is a delay compared to price action. So Fisher patterns and divergences are used to confirm price action to get the earliest possible reversals. Fisher does not always show divergences at overbought /oversold levels but instead it often shows overextended spikes. So we need another indicator like or to show divergences. In this case I've chosen the 50. One of the best thing I like about the dual Fisher is that when you see the exact same pattern on both you often get a highly reliable reversal signal. In this case we had a "dual" Fisher overextended spikes along with divergence and candle action. I will post more examples and real time predictions in the future using the "DUAL FISHER". Currently GLD is up, candle action is and above 34ma. If price can break R1 next likely target is R2. candle action below averages could see GLD retest key support.
@huntingsniper, NG chart has a good example of a dual Fisher double bottom. As with any system sometimes there is no clear patterns in that case it's wise to move on to something else. Also all patterns and divergences must be confirmed by candle stick price action,