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Cyper

CYPHER THE CYPHER PATTERN The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys. You can trade the cypher like other harmonic patterns, by waiting for a reversal at the final point and then using pending orders to profit from any potential breakout. Bullish, Bearish Cypher Patterns In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at C. In the bullish cypher, the points A and C should make successively higher highs and point D must be above X. In the bearish cypher points A and C must make successively lower lows and point D should be below X The reversal is expected at point D, the final point in the pattern. To validate a cypher check that AC retraces 38%-62% of XA BC retraces 113%-141% of XA AD retraces 78% of XA Always allow a tolerance of a few percent around these numbers as they will rarely be exact. The cypher has a slightly different appearance to the butterfly, bat and gartley. In a cypher, C makes a stronger rebound beyond A and that gives the appearance of rising peaks in the bullish cypher and falling valleys in the bearish cypher.
Long
by MAFX24
POTENTIAL LONG BULLISH CYPER (APF) H1 TFPOTENTIAL LONG BULLISH CYPER (APF) H1 TF *THIS PATTERN WILL VALID ONLY UPON COMPLETION OF THE PATTERN *W4C IS THE BEST WAY TO ENTER Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose
Long
by Blessed_Trader22