@a1Keith, I have moved the modified Fibonacci Andrews Fork, but have not changed the slope. Price failed to find support on the lower uptrending turquiose line. It sliced through it and is currently trading on the descending line for 4 bars. There was no bounce, suggesting that this too will not provide support
a1Keith
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a1Keith
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One hour chart. I have shifted the down-trending fork, but I have not changed the slope . When price breaks out of the down-trending slope (now represented by the central maroon colored line) it breaks out then retraces back and forms a new higher descending line. It is now poised to move up to our target of 23.3. It could hit this next week. The above 5 minute chart may be a fractal of what is now occurring on the 60 minute chart