Bullish Cypher Pattern (ALGOUSD)
Updated
I am practicing identifying cypher patterns and noticed the beginning of a bullish pattern on the daily chart. It will be exciting to see if it plays out.
Additional validation will occur at "C" between 1.272 and below 1.414 and buy in level at "D" completion point above .786.
Additional validation will occur at "C" between 1.272 and below 1.414 and buy in level at "D" completion point above .786.
Comment
B point and C point coincide with strong support and resistance.
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