As someone who spends a great deal of time doing chart reviews, I often see more than one potential pattern within a stock chart. I am sure the same holds for others that do Technical Analysis.
A few questions arise that need answering when this happens:
- How does one makes sense of these multiple perspectives?
- Which one should be given a priority over others?
- What happens when two patterns reinforce each other?
For an example, I bring you $AGG (iShares Barclays Aggregate Bond Fund) with 2 different views:

The important thing to remember here is the above 2 representations of the Daily chart are both viable patterns to trade from – and there may be other patterns that others may see using other components like Fibonacci for example.