Bullish Cypher Pattern
Cypher pattern completed and another cypher pattern setting up in smaller time frame.
I Break this trade into 3 targets
Target 1 - 38.2% retracement of the cypher pattern which also close to 78.6% D leg (Smaller cypher pattern)
Target 2 - I always set target 2 at 61.8% for cypher pattern
Target 3 - Other side corrective wave 4 is on progress (ABC flat correction) wave A just completed and expecting wave B to be completed at 91.95 area which is 90% of the whole A leg
Have a Good Trading Week!!!
I Break this trade into 3 targets
Target 1 - 38.2% retracement of the cypher pattern which also close to 78.6% D leg (Smaller cypher pattern)
Target 2 - I always set target 2 at 61.8% for cypher pattern
Target 3 - Other side corrective wave 4 is on progress (ABC flat correction) wave A just completed and expecting wave B to be completed at 91.95 area which is 90% of the whole A leg
Have a Good Trading Week!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.