If any of you is so inclined, here's an interesting project.

Compare in detail the corresponding price flows between the original formations and the expanded formations. You will find that historical moves compared to current moves actually predict future moves. On a historical price chart, they predict both direction and price. But you won't believe this unless you see it for yourself.

Compare corresponding points in the original and expanded formations to prior and next corresponding points. In other words, a to b in the expanded formation compared to a to b in the original formation. Compare highs to highs and lows to lows. What you're trying to figure out is how the expanded formation is deviating from the original. If the high at b is closer in the expanded formation to the high of a than a is to b in the original formation, then there is an upward bias in the expanded formation. Future price flows can be expected to reflect this bias. In addition, this current bias applied to the original formation's price flows, then expanded and overlayed onto the current formation tends to predict pretty accurate price highs and lows on most every timeframe.

Load up a chart and crunch the numbers. You'll find the phantom holy grail. Every move predicted by the past, highs, lows, occassionally even timeframe for the moves. It's pretty freaky. The smaller the timeframe these corresponding patterns are found on, the more accurate the predictions of this type of analysis, HOWEVER, the more likely the patterns do not actually correspond. The larger the timeframe, the less accurate the price level predictions and the more likely to be an actual corresponding pattern.

We use weekly and monthly charts for this type of analysis. If I day traded, I'd used daily or hourly charts.

Cheers.