Neat Chart

Below is the Dow Jones Industrial Average from 1953 using quarterly bars. Doesn't it look like it's forming a nice head and shoulders pattern? It would need to drop a bit more to hit the neckline, which would fit with my scenario for slight new trend lows explained here. Then, a nice counter trend rally to form the right shoulder, and then back down to new lows, perhaps 4000 which is the beginning of the "thin" period, where little trading took place.

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