AUDUSD 3 Peaks pattern revisitied

Back in May I wrote a piece about a highly speculative view on the AUDUSD (Link to posting) about how the currency pair may be close to creating a rare '3 Peaks and Domed House' Pattern. - Since then the price action has gone a long way towards adding credibility to this view.

Before I continue, the technical analyst who first recognized this particular formation was a chap by the name of George Lindsey. Recently an excellent book has been published by Ed Carlson about the work of George Lindsey called 'George Lindsay and the Art of Technical Analysis'.

Back to the AUDUSD here is the original comparison of the AUDUSD and the overlay of the pattern.

And here is the updated version - Note I have added 2 options, as the 'double top' does not quite conform to the traditional pattern. - It is also possible, that the 'double top' could be indicative that applying the 3 peaks to the AUDUSD is incorrect, and that this could follow a very different path. - I am fine with that, markets prices action is never determined in advance, however I do feel it follows certain behaviours to various degrees of probability. - However, markets are chaotic systems, and though chaotic systems do follow patterns, they are incredibly hard to determine, and any number of variables can change the formation of the patterns.