There is one other thing I would like you to look at in this example.
Notice that the symmetry support is very close to the 34 EMA on the test
of it. Also note that the 14-bar CCI (the thicker line on the indicator below
the chart) has pretty much kissed the zero line and then started moving
away from it. This would be called a zero line reject by Woodie’s CCI Club
(I don’t have backtested data on this; however, when you see both the kiss
of the 34 EMA and the 14-bar zero line reject within the parameters of an
ideal setup in the direction of the 15-minute chart, the odds for the setup
playing out seem to be even higher than usual. This is something that
I have observed in the five years that I have been running these setups in
my chat room.)