4H Cypher
I will try this trade.
PROS: The Ratios line up nicely
RSI is approaching over bought.
Fib Ret of Daily leg, puts the .618 just above entry point.
and we could be in consolidation.
CONS: RSI on Daily is in the middle, still a lot of room to move either way.
The "C" point of the Cypher did not break structure to the down side. ( see circle area).
Good Luck.
PROS: The Ratios line up nicely
RSI is approaching over bought.
Fib Ret of Daily leg, puts the .618 just above entry point.
and we could be in consolidation.
CONS: RSI on Daily is in the middle, still a lot of room to move either way.
The "C" point of the Cypher did not break structure to the down side. ( see circle area).
Good Luck.
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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.