Reflecting On Price Mirrors by Thomas Bulkowski
Can we use prior price movement to predict the future?
Where will price be a week or a month from now? Here is a simple technique that will give you an answer. I call it a price mirror.
Figure 1 shows an example of the chart pattern head & shoulders top. The left shoulder (LS) is on the left side of the head. The right shoulder (RS) is approximately the same distance from the head, but on the right side, topping out near the same price, too. I drew a vertical blue line to illustrate how the left side of the pattern mirrors itself on the right, reflected across the line ...