Compilation process:
All drawing points are from the closing prices for consistency with the envelopes, which are also calculated from closing prices relevant to the 50ma flatline vs. the 50ma extreme slope.
The primary white rectangle is the one towards the bottom right. The corners diagonally connect the 50ma negative slope inflection's price with its reciprocative positive slope inflection's price. An Andrew's pitchfork is proposed with point "a" at the inflection, point "b" at the highest closing price since "a", and a point "c" on the -38.2% price envelope (-38.2% area from the flatline price envelope or gray/black boundary to the outermost slope-extreme price envelopes). The pitchfork centerline and the box's diagonal are one and the same.
The secondary white triangle is the one towards the upper left. It is an exact-size replica of the primary white rectangle, and its upper left corner resides at the last closing price where the 50ma sloped upward. A diagonal that is inverted from the other box was struck. Note the eventual gap above that diagonal on this log chart. Interestingly enough, a redrawing on a linear chart has that diagonal running through the 12/16 breakout candlestick and into point "c" of the Andrew's pitchfork.
Some more interesting geometry and connectivity came to light when I placed another Andrew's pitchfork in the seconday box (per closing price points). The skew of the pitchfork centerline naturally intersects with point "a" of the other pitchfork. It's point "c" approaches a tag of the box diagonal.
I've ventured a guess on the purple channel based upon this geometry... I think it's viable for at least two supportive tags to the channel bottom. Of course, it can't even be a channel yet until price takes the necessary step of tagging the bottom of it.
Notice the confluences of the primary box diagonal, the slope reciprocal price, and the proposed channel into the 38.2% price retracement level of this bear market. I can't say that we will hit it, just that we will aim for it.
If nothing else, it makes an interesting conversation piece. If you're of the 835/850 support zone persuasion, this might look...well, persuading.
