After completing AB=CD and upward correction, the price has reached the range of dynamic and static resistance and is forming a reverse AB=CD pattern. If the trend slows down and forms an ending pattern in PRZ, it has the potential to go back down .
Note
Negative divergence between two peaks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.