Since March 15, 2023 at 12:55 p.m. ET it appears that machine driven algorithms have been developing a 1-hour chart structure that is similar to, but not an exact replica of, the 1-hour chart structure between October 13, 2022 at 09:15 a.m. ET and October 21, 2022 at 10:00 a.m. ET. Although the current 1-hour chart trajectory is similar to October 2022, volatility in March 2023 is significantly higher. In the past It has also been observed that machine driven algorithms start developing a chart structure from a previous period, but may shift to using a chart structure from a different time period as prices move higher. Speed of travel and volatility will be monitored for updates if needed.
Intermarket structural analysis research