There Are Indicators and there are Prices, But They Are Really The Same Thing

Treat indicators e.g. momentum as prices. You can draw trend-lines and channels on the indicator. Or pull Fibonacci levels on it. You can also spot reversal patterns on it. For example, on the Sept Corn chart below a head and shoulder pattern developed on the momentum indicator as the grain was topping out.

$CU11 - Sept. Corn

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