ABCD pattern

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Risk/Award is 1;3. Daily chart. April, point A is where the first low swing was. The retracment happened within the inside bar (motherbar) indicating a reverse of trend. Took another high swing creating a double top, reverse of trend.The second high top couldn't break the first price action (0.935) which shows how strong this is. However, once price reaches point C there is another retracement creating a reverse a reverse of trend. While on bullish trend there is a fake bearish pin bar that went out of price action. Then there is another retracement that took a heafty bearish steep.

Penafian

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