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There is a Legacy version here.

PFS LimitedRed Thread KnotItem 7

This Item may contain spoilers from the Season of Ghosts Adventure Path

Rare Invested Magical 
Source Season of Ghosts (Hardcover) pg. 307
Price 360 gp
Usage worn; Bulk
This small length of red thread is knotted six times, with a loop at each end so it can either be worn as a bracelet or anklet, or hung from a strap.

Activate—Untie Fate [reaction] (concentrate, fortune); Frequency once per day; Trigger You critically fail a save; Effect The knot unties one of its six knots, altering your fate in the process. Treat your saving throw as if you failed the check rather than critically failed the check. Once the sixth knot unties, it becomes a non-magical red thread.