An outer larger cup identified, overlapping my previous cup formation I published • 32-week cup length with handle pattern forming (to be confirmed) • 60% deep cup from prior high (in extreme circumstances it can go to 2/3 ) • handle length satisfactory. Proper depth reached already, looking for breakout • estimated target +40.5 from handle breakout (base 25.5...
Bullish sentiment is prevailing in an upward market trend, aligning with the seasonal pattern for fintech companies. This forecast is tentative and inherently unpredictable. Impulsive motive wave. Rely on RSI indicator on final wave. Combined with Wave Trend oscillator. (My chart may include the last Cypher pattern) On a Christmas break now, please...
12-week cup with handle pattern forming (to be confirmed) 37% deep cup from prior high 15% handle length (reaching proper depth already) estimated target +16.5 from handle breakout (base 25.5 to right top of cup 42.0) I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and...
X is the pattern low, and C is the high. Analyzing typical bullish Cypher pattern reveals: XA leg starts at point X and ascends. AB leg retraces XA, typically falling between 38.2% and 61.8%. BC leg surpasses point A, concluding between 127.2% and 141.4% of XA . CD leg descends, ending near the 78.6% retracement of X to C . Once the price hits 78.6% at point D,...