weekend charting 21st and 22nd may, page-16

Nice charting Nambo. Missed your stuff on the charts forum.
I see you are applying Hagopians rule on the LYC chart.
It may still play out but I would have expected it to be the next pivot low immediately after the failure. If it was just a small bear flag I would still expect the lower price but since its made a significant pivot I would be inclined to count it as a failure of the failure rule.
Having said that if you do a minifork with the handle on the third pivot low of your blue - its looking weak.