Technical analysis by B9A-88652-NisarAhmad about Symbol PAXG: Sell recommendation (5/14/2024)

In finance and trading, the term "bearish AB=CD" typically refers to a bearish harmonic pattern known as the AB=CD pattern. This pattern is formed by four price points: A, B, C, and D. The AB=CD pattern suggests that the price will move from point A to point B in one direction, then retrace from point B to point C, and finally move from point C to point D in the same direction as the initial move from A to B. A bearish AB=CD pattern indicates that after an initial upward movement (AB), the price is expected to retrace before continuing its downward movement. When traders identify this pattern, they may anticipate a potential reversal or downward trend continuation. However, it's important to remember that no trading strategy or pattern is foolproof, and it's essential to consider other technical indicators, market conditions, and risk management techniques before making trading decisions based solely on a single pattern.