In Figure 15-5, we are looking at another ideal setup in the E-mini
Russell contract. In the chat room, I tend to refer to a setup like this as
“micro symmetry.” That is because the correction that I have projected
from for this setup was relatively small compared to typical corrective
swings in this market. In this example, the projection was of a 1.20-point
move, or 12 ticks. I projected this prior minor corrective decline from the
new high made at 820.00, which gave us a symmetry projection at 818.80.
This price was above the 34 EMA, and both CCI readings were above the
zero line. The low was made at 818.90—within one tick of the projection.
A rally of 8.10 points followed this micro symmetry setup.