I'm looking at cypher pattern playing out on NASDAQ, with first target $58.7 and second target $60.7. We have broken resistance at $54.5 and this looks pretty much on!
Note
Great start with earnings gap. Looking at fair value gaps, I think the first target was set a bit high, and should have been 58, which we already hit. Expect a pull back to 55, and second leg up. Second target @ $61.
Note
We got support today at 54 area, so I think this idea is going per plan so far. Target $61.
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.