I guess the equilibrium has been achieved by the PA going sideways for an extended period rather than going up to approach the ZL. ie if price continues down it's now likely to do so without a retrace towards the ZL.
Is price closing higher or lower than something? Simple yet powerful question. ..MO
we're trying to move forward ...
looked at this real time and after the fact and still things ain't as clear as they should... how would you have played it? price formed 2 fat cats on 45 min CC and on 90 min CC after touching the crash zone target 1