In Figure 15-2, we are looking at another ideal setup on a threeminute
chart of the E-mini Russell contract. We are looking at a pattern of
lower lows and lower highs in this case. The projection of two prior rallies
on this chart set up the possible sell entry area at 816.60. Notice that both
of the prior rallies that I used for the projections were 1.90 points. The price
of the projections was below the 34 EMA at the time we tested the resistance
at the 816.60 area. Both the 14- and the 50-bar CCI readings were
below the zero line when we tested the resistance. The result was a high
made at 816.60 that was followed by a decline of just over 5.00 points. This
chart is also a good example of symmetry. In this case, there were three
rally swings that were equal at 1.90 points.