The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
How to Trade in Stocks: The Livermore Formula for Combining Time Element and Price (ed. How to Trade in Stocks, 1991) - ISBN: 9780934380201