The top chart is the action we want to use to give an idea of where we are headed.
The bottom chart is the current most recent market action ending with today's close.
Now take a look at the two charts......... Do they look just slightly similar in their nature?
No question about it!
Not perfect mind you, but enough similarity to catch your attention.
I will post the rest of the chart we are using as the forecast gauge Saturday or Sunday so you can have some type of idea what is just around the corner for prices.
I'll give you a hint right now..... The outcome falls right in line with my daily work.
I don't want you to get the wrong idea here, these patterns do not always work, but when they line up with other technical work then the odds increase more that price will continue to roughly follow the past price patterns.
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