Bears Avert Your Eyes.
Patterns don't have to play out, but consider the DJIA.
There are two in play,the most recent and smaller with a head at the November low, which sits within the bigger with its head at the August and October lows.
The latter, August/October lows, a double header, would need to form a right shoulder down to around 11,800, then rise up strongly with an ultimate target 15,500---a new high.
You can see how the March 2009 low inverse head and shoulder projected and realised a target of 12,500.
But i repeat, patterns do not have to play out.
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