Quote from StupaBasta:
Aren't you missing a thick trend line connecting the 2007 highs to the 2011 highs? I am assuming that with the bookmark in place, you consider the may 2011 high the point 3 down? Don't worry about being wrong, (cnms,charts,barosan) will be quick to post that after the fact.
It looks like that last bookmark could get breached although I would be on watch for an IBGS here. I did have slowest trendlines on some time ago and they were wrong. Those charts are posted in the IR thread. Removed the slowest trendlines and have annotated what would be the trading fractal on this timeframe... annotations highlight what would be the trade fractal on this month time frame
In this image I added those trendlines you have mentioned in color purple for a visual.
Some other items have been highlighted on the chart also.
Welcome to ET you StuppaBasta... for 1 post you have knowledge of the method ...lol