Potential Cypher pattern in play? :O Usually Point D would be where you would be exiting a long and potentially taking a short. But, I wouldn't recommend shorting unless we see bearish divergence and other coinciding variables when we reach those regions. I hope this plays out. Decent size "Bearish Pattern upon completion" but for the meanwhile we are in a bullish pattern "Inverse Head and Shoulders". I am so excited for this potential trade set up ladies and gents! Just an idea for now! There is never certainties, but I think with bullish divergence continuing to build between the 1 and 3 hour time frame, this is a pretty good probability trade set up right now.
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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.