The Cypher Pattern
The Cypher Pattern
The Cypher pattern starts with the X and A points.
Point B retraces to the 0.382 – 0.618 Fibonacci level of the leg XA.
Point C is formed when prices extend the XA leg by at least 1.272 or within the 1.130 – 1.414 Fibonacci extension.
Point D is formed when it retraces the 0.782 Fibonacci level of XC
The Cypher pattern starts with the X and A points.
Point B retraces to the 0.382 – 0.618 Fibonacci level of the leg XA.
Point C is formed when prices extend the XA leg by at least 1.272 or within the 1.130 – 1.414 Fibonacci extension.
Point D is formed when it retraces the 0.782 Fibonacci level of XC
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