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Bearish Cypher

EYEING A POTENTIAL BEARISH CYPHER-CAN WE GET SHORT?Following my earlier analysis on AUDCHF (see related ideas link below-and take a deep breathe), in line with my expectation of price consolidation for the next few days into next week (praying I don't get egg on me face), I'm eyeing a Potential Bearish Cypher Pattern in formation on the 1 hour chart. If price action can push up to complete the pattern, then I'll be looking to short at market (trying aggressive entry at Cypher D completion,compared to conservative wait for confirmation entry with harmonic patterns-thought came to me yesterday so I'd test it out properly), with an ATR based stop above X point of the Cypher, and target/TP at the close of A point of the Cypher. Reward to Risk is just shy of a 2:1 so I'm good on this one. Let's see if I've learnt anything or will make my teachers shake their frustrated heads at me :D. PS: Re-read my previous post on AUDCHF and want to make a correction - I meant to say "Trading Business" not "Trading Game", in case anyone understandably assumes I may not be taking this seriously or just doing it for kicks and giggles (can't say the other word). Granted I am extremely ecstatic at the new knowledge and positive - and not so positive but had and followed a plan - results (maybe still working on the Conscious Incompetence or is it Conscious Competence phase), realising I may need to reel it in but I am certainly gung ho that I will 'MASTER' (Imagining a booming bellowing voice that brings trading to it's knees-Muhahaaha-Going to enjoy this as well ;)) this craft by force by fire (little Nigerian thing going there). So here we go!!!
Short
by scorpiousg
Bearish Cypher Pattern 4HR ChartPrice action has confirmed its bearish rotation by breaking through the previous support around 145.280 and closing below. Price action is now creating a Lower high and in doing so has created a bearish Cypher pattern. I am currently short with 2 positions targets. Target 1 145.251 (61.8 PIPS) Target 2 144.783 (108.5 PIPS) Potential total trade winnings (170.3 PIPS) Potential Trade Loss (-115.4 PIPS) Bearing in mind price action could possibly push up higher, creating that that lower high also a 2618 entry reason
Short
by LukeFagan
Possible Bearish Cypher forming on the WeeklyIt seems there is a Bearish Cypher Harmonic, forming on the Weekly. Price action has crossed the Ketchup, Mustard, water and Mayo EMAs, as well as price action has been broken out of structure between May, June and July, continuing the bearish trend. TDI shows that price action has just moved through the mid band and is continuing on through to the lower band (Water) where we can expect a Shark Fin to form, with Blood in the water, to confirm an upward move together with a confirmation of the Harmonic pattern. It is possible to trade SHORT on the way down to the confirmation of the bearish Cypher harmonic, however I will be entering this trade LONG, should the Harmonic Cypher Pattern confirm and the Shark Fin with Blood in the Water confirm as well. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by UnknownUnicorn661419
BEARISH CYPHER PATTERN SPOTTED AT NZD/USD DAILY CHART!As we see at the chart we have a bearish Cypher pattern at the daily chart. 200EMA currently flat without favoring shorts or longs positions but we have a very well repsected trend line(blue line). TECHNICAL POINTS We can enter the trade waiting a nice entry reason such as double top or a re-test of the descending trend line with bearish RSI divergence. Or you can wait the signal from the MACD strategy as a confluence with the other factors mentioned. POSSIBLE TRADE: BUY STOP AT 0,73795 ENTRY-PENDING ORDER PRICE AT 0,7260 FIRST TARGET T1 AT 0,70795 WITH 1,40 P/L RATIO SECOND TARGET T2 AT 0,6990 WITH 2,35 P/L RATIO THANK YOU FOR SUPPORT! HAPPY TRADING AND NICE PROFITS!
Short
by The_Greek_Trader
Potential Bearish Butterfly setting up in Kalvista$Kalv setting up for a potential Bearish Butterfly But it's still early to say for sure !!! PRZ will be 9.33 I expect only to see T1 (8.28) happening due to - a completion of the pattern will break an important resistance line going way back. That could send the price of this stock very high. (Gaps to be closed). T2 come in at 7.61 Time will show! Best to your trading! WallStScalper.com P.S Prior of posting this pattern I made a chart with a pattern showing a truncated B to C-leg - in what I called a potential Bearish Cypher. In lack of a name of this pattern which I often see in all trading categories - I called it a Bearish Cypher pattern. See chart below The truncation of the B to C-leg makes it perhaps more suitable calling it a double bottom B to C-leg. It has the characteristics of always surpass the recent low (X to A leg) a little further than the X to A leg due to the natures of the B to C-leg taking stops out that have been place right under the X to A leg endpoint. Perhaps it's better calling it a Bearish truncated Cypher Pattern. Anyway for your future trading - be aware of this truncation in the pattern that will give you an edge in trading harmonic patterns. Lastly: There is nothing to prevent a full pattern happening either. Showed visuel.:
NASDAQ:KALV
by CoinedByCrypto
Insane LONG opportunity. Entry on possible Bearish Cypher targetIt appears, in my opinion, that we have an Insane (great) trading opportunity where we may be right at the bottom of a Wave 1 Impulse move on the Daily Period/chart. The count is based on a previous Impulse wave which finished around July 2014 and has been in a significant corrective pattern until March 2017. Based on pattern and elliott wave structure, the next move should be an Impulse move in Bullish trend (upwards). Due to all EMAs pointing to a complete reversal as too the TDI suggesting we are coming out of an Oversold market status, the only way is Up ! Once price action crosses the Mayo and the Blueberry EMAs, which will simultaneously be confirmed after a breakout of corrective structure, we can expect the continuation of a Wave 1. There is yet another confirmation on this chart, where I can see a FLAG has been formed, thus the probability of a LONG on this particular daily chart is extremely high. As long as fundamentals of Trip Advisor Inc, continue their current form, this stock is set to reach well past the moon which means it will be a terrific investment for long-term traders and investors. Entry can be taken in 2 positions. First position and most safest is the breakout of the corrective structure but beware of the pullback Fibonacci. The second position would be in the Hourly chart where the Bearish Cypher pattern should be validated within the next month, and an entry could be either at Position#1 or Position#2 to then going LONG (Buy) for the entire Impulse wave. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:TRIPLong
by UnknownUnicorn661419
Possible LONG with Bearish Cypher confirmation entry pointIt seems Starbucks is continuing it's uptrend price action (Daily Chart) with a possible LONG entry based on a Bearish Cypher pattern formation if it becomes validated on the Hourly chart, to complete a Wave C correction/consolidation. Chart pattern suggests a high probability trade going LONG on this in continuation of uptrend, based on an Impulse Wave 1 completion on the Intermediate period. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:SBUXLong
by UnknownUnicorn661419