US Equities Fractal - revisitied - again... + EURUSD and Gold update

I keep on harping on about this equities Fractal pattern I spotted a couple of weeks ago. I first alluded to it almost as an aside at the foot of this post here on the 22nd June, admittedly I was a touch sceptical about it, however I deemed to keep half an eye on it. - After a few days it seemed as though it may have some value, and did a more in-depth piece on it here on the 25th June.
Now with the first part of this pattern's predictions, a drop to 1040, a brief consolidation (very brief infact), then a further drop though 1040 and so on achieved, I thought I would revisit this fractal pattern, to see where it forecasts the S+P next.

The fractal pattern is shown below from shortest period a few weeks (Chart #1) at the top, to the multi-month chart (Chart#2) in the middle, to the multi-year chart (Chart #3) bottom.

I have attempted to show how similar the construction of these patterns are. Also note that the top chart is the right-hand side of the middle chart's Head & Shoulders pattern, and the middle chart is the right-hand side of the lower chart's Head & Shoulders pattern.

Given how similar the charts are and how related they are, it is possible they have predictive ability to each higher scale chart. If they do, then one can assume that further lows lay ahead, with a steady continuous drop in the index down to the lows at the start of the second chart. For the S&P this is around 666, (Although I think a case could be made for the support being around 770 as this is where the left shoulder of the neckline occurs), with the likely timing in Q4 for the low. After that, another rally may ensue, which may retrace a large part of this current decline. I base this on the fact that the top and middle fractal retraced twice from the neckline, before breaking on a third attempt. --- This guesstimate of future price action is of course highly speculative, and I consider it more as a rough road map rather than an accurate close-up set of predictions. However, I will continue to pay attentions to the prospective signals up until they stop working .

A couple of other points, the EURUSD has broken well above the 40 day moving average, and appears to have broken the neckline of an 'Inverse Head & Shoulder' pattern. If it can maintain these breaks, then the mid to low 1.2400 area will switch to support, with the 1.30/1.31 as a prospective target.

Gold too has made a dramatic break, I alluded to the risk of this in my post from here a couple of days back. If it can hold this break, this could signal the end of the Gold Bull run for some time, with significant lows ahead. - With regard to Gold and the EURUSD, 1 day's price action does not make or break a trend, however if these break can hold for a few days and in the case of Gold a few weeks, then today's moves could prove to be highly significant.