Learn the true rules of cypher.
Updated
Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. The ONLY correct way of identification is as follows:
1. B-point must touch 0.382XA but should never close beyond 0.618XA
2. C-point must touch 1.272XA but should never close beyond 1.414XA
3. D-point is 0.786XC and it must be beyond B-point.
As you see frome the rules above the are no max limitations for B and C candle wicks. Whatever ratio will be correct if rule #3 isn't broken.
Do not trust these types of explanations: sr-analyst.com/HarmonicHelp/cypher_pattern.htm
Or this: forextraininggroup.com/a-guide-to-harmonic-trading-patterns-in-the-currency-market/
Don't know why do people believe this kind of stuff and don't even make an effort to contact the creators of cypher - Tradeempowered guys.
//|+--------------------------------------------------------------------------------------------------------------+
//|This pattern was found with PatternSearch software
//| you can watch the sample video here: youtube.com/watch?v=beZhTtW1diU
//|+--------------------------------------------------------------------------------------------------------------+
Best regards, Alexander Nikitin.
A professional trader, programmer and a trading coach.
1. B-point must touch 0.382XA but should never close beyond 0.618XA
2. C-point must touch 1.272XA but should never close beyond 1.414XA
3. D-point is 0.786XC and it must be beyond B-point.
As you see frome the rules above the are no max limitations for B and C candle wicks. Whatever ratio will be correct if rule #3 isn't broken.
Do not trust these types of explanations: sr-analyst.com/HarmonicHelp/cypher_pattern.htm
Or this: forextraininggroup.com/a-guide-to-harmonic-trading-patterns-in-the-currency-market/
Don't know why do people believe this kind of stuff and don't even make an effort to contact the creators of cypher - Tradeempowered guys.
//|+--------------------------------------------------------------------------------------------------------------+
//|This pattern was found with PatternSearch software
//| you can watch the sample video here: youtube.com/watch?v=beZhTtW1diU
//|+--------------------------------------------------------------------------------------------------------------+
Best regards, Alexander Nikitin.
A professional trader, programmer and a trading coach.
Trade closed: target reached
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