The so-called “pattern dissection and analysis” is all to find support for the position; and the position directly determines the outcome. A sensible approach is: after a segment of market action has played out, review and analyze during the consolidation phase to assess the outlook. While the market is still unfolding, focus more on changes and the tug-of-war over key levels. Since the position is already in, watch as you go—don’t rush to write the outlook.