Hi Guys,
I don't know what is going here with these patterns but I know that between USD/JPY and Gold there are inverse correlations due to their interconnected relationship between each other: both Gold & JPY are safe heavens vs USD (and also stock markets). In terms of moves (not in time) they are inversely correlated (USD/JPY vs GOLD). In terms of patterns it can happen that they form similar patterns but in different timeframes.
In my search of tops & bottoms that helps me to gauge the bias of the movements I think these patteres are correlated but I don't know how.
Does it mean that if the mouth of one crocodile opens the mouth of the other one may close? If Gold made the nose, when and how the pair will make a nose?
I don't know yet...work in progress.
Thank you for your support and for sharing your ideas.