Could be - as fed fund rates are still low low low. interest rates still low low low. Fed would not do anything that can shock the public. So they will continue to support market and it goes higher and higher. Possibly to break the Highest highs.
A pattern is just a pattern.
The leading indicator is Price movement - Candlestick (Movement, Momentum, Time Spent at SR, #The10Commendments)
THen, you will find that power patterns are enhancing the price even more.
In price movement, you can find behavior patterns of the price. Whether it is Wide Range or Narrow Range. A FTR, or Flag flip, or trend...
