I think the 2019 top and price action will lead to a similar result here. I'm not going to put commentary around this except the key ingrediant in my mind was and is the AB=CD price action. It was in 2019 and now. I knew there was something familiar with this structure and I anticipated in my posts that this was possible and likely but I missed it :(
The large chart below gives you the ability to compare. The difference, the 2019 was the daily, here we have a shorter time span and its the 4 hrly. You be the judge
All the best,
S.SAri
some older charts showing this concept
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some negative signs a) the 4 hrly 50/200 ema cross b) the daily William Alligator cross
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Its hit the 2019 fractal equivalent level
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If this 4 hrly candle closes bullish, then its a great sign like the fractal.