Cypher Bearish Pattern on ROKU (3H Timeframe)
🔍 Overview:
Spotted a bearish Cypher pattern on ROKU's 3-hour chart. This setup looks promising for a short trade! 📉 The RVOL average is increasing, which gives us a bearish confirmation. However, be cautious as the "High Volatility" dots indicate potential for drastic and unpredictable moves. 📊
📉 Chart Analysis:
1️⃣ The Cypher pattern indicates a potential reversal from the recent uptrend, with resistance around the $64.28 level.
2️⃣ The increasing RVOL average supports the bearish sentiment, suggesting more sellers are entering the market. 📈
🎯 Trade Setup:
Entry Point: Look for confirmations as the price approaches the resistance level.
Target 1: $58.86 💰
Stop Loss: $64.28 🚨
📝 Why I'm Interested:
The combination of the Cypher pattern and increasing RVOL provides a strong bearish signal. The "High Volatility" dots highlight the need for caution but also present an opportunity for quick profits if managed carefully. 📊📉
📅 Timeframe: Monitoring this setup on a 3-hour chart, so keep an eye on shorter-term price movements. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑✌️
#ROKU #CypherPattern #RVOL #HighVolatility #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
Spotted a bearish Cypher pattern on ROKU's 3-hour chart. This setup looks promising for a short trade! 📉 The RVOL average is increasing, which gives us a bearish confirmation. However, be cautious as the "High Volatility" dots indicate potential for drastic and unpredictable moves. 📊
📉 Chart Analysis:
1️⃣ The Cypher pattern indicates a potential reversal from the recent uptrend, with resistance around the $64.28 level.
2️⃣ The increasing RVOL average supports the bearish sentiment, suggesting more sellers are entering the market. 📈
🎯 Trade Setup:
Entry Point: Look for confirmations as the price approaches the resistance level.
Target 1: $58.86 💰
Stop Loss: $64.28 🚨
📝 Why I'm Interested:
The combination of the Cypher pattern and increasing RVOL provides a strong bearish signal. The "High Volatility" dots highlight the need for caution but also present an opportunity for quick profits if managed carefully. 📊📉
📅 Timeframe: Monitoring this setup on a 3-hour chart, so keep an eye on shorter-term price movements. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑✌️
#ROKU #CypherPattern #RVOL #HighVolatility #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
Note
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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.