High Trend (Top Red)
- Time frame targets are based on the back tested progression decay from previous High-to Low-to High moves.
- The high trend line price targets are based on a progression of Fib Extensions back tested by previous moves.
Mid level (Yellow)
- Time frame targets are based on the crossing of progressive Fib Extensions and the uptrend resistance line
- Price targets are also based off of standard Fib Extensions of previous trend.
Caution Lines (Orange Lines)
- Projections of possible lower resistance than expected by High Trend line
- Prices are based on 1.272 fib extension levels
Dip Buy Zone (Green)
-Buy zones are supported by the bask tested ascending support line of the current up trend.
Gap Down (Dotted Red)
- The area between the two dotted lines indicate a possible gap down into down trend
**If there is a trend cross down it can be assumed that the lower support will be tested once the mid-level is confirmed as a resistance
**If there is a trend cross up it can be assumed that the upper resistance will be tested once mid-level trend line is confirmed as support