Dow Emini Futures initial test of Bearish Deep Crab pattern had a shallow retracement implying a retest
- Currently price is testing the PRZ for the second time, failure to break down 14350 keeps price in sideways consolidation
- A retest of 15350 correlates with the Pitchfork midline, this behaves like a line in the sand
- A break down of Pitchfork midline and 14350 has the bottom of the Pitchfork as intermediate major target for support test with 14264 being initial Significant support test.
- Scaling points below 14350 are the green fibs to 14264
- There’s a probability of a third retest of a significant level of failure to hold.