"Not so classic AB=CD pattern but still valid and relevant" by trader kenneth.maake — published June 20, 2014

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S&P 500 Index (FX:SPX500)

FX:SPX500 S&P 500 Index

50% retracement is not one of my favorites but the pattern is still valid and this might be a selling opportunity if reversal patterns start developing in the next few days. Also take note of bearish divergence on the RSI

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