History Rhymes

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History Rhymes

So how can one use this as an edge with a trade setup? I will use the Weekly chart of CXW (Corrections Corp of America) with RED arrows showing a repeated pattern:

In terms of Probabilities, I think it is quite clear what the trade setup is here – especially with the Doji / Spinning Top as the last candle. A short here with a stop at the recent high of 24.16

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