Nasdaq fractal using ZScore

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I use Zscore as a good alternative of RSI indicator to catch up possible highs and lows of the market.
Im finding now this interesting fractal figure respect to 2016. I don't know if price will go up or down but i will monitor this. Timeframe of this chart is daily so I'm using 1-year period avarage (SMA-252) for zscore calculations

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