Equidistant parallel action/reaction lines occasionally provide some amazing turn predictions. The green center post is drawn through an important low and high. The lower blue, purple and red action lines are drawn through previous lows. The corresponding colored reaction lines above are equidistant from the center post and forecast tops.
There's one in play right now on SPY as shown in the plot below going into tomorrow's risk window. If the technique is working, a reaction top should occur in the next couple of days. The blue and purple tagged turns down after the March 23rd low only lasted a few weeks. Hard to know if this red one will last any longer. Time will tell as always.
Edited by Douglas, 13 January 2021 - 03:10 PM.