BEARISH CYPHER PATTERN
keep an eye on this pattern trade.
if gets filled trade it.
watch ab=cd pattern to complete for the new one after the old one.
risk to reward ratio should be considered.
as Jason stapleton would say...this is the most profitable pattern if it gets filled.
i like trading it here at .886 retracement and confluence of 1.272 and 1.414. as they make the market over bought and so on and totally filled for a likely reversal.
check RSI if overbought or in divergence before entrying this trade.
trade wisely
if gets filled trade it.
watch ab=cd pattern to complete for the new one after the old one.
risk to reward ratio should be considered.
as Jason stapleton would say...this is the most profitable pattern if it gets filled.
i like trading it here at .886 retracement and confluence of 1.272 and 1.414. as they make the market over bought and so on and totally filled for a likely reversal.
check RSI if overbought or in divergence before entrying this trade.
trade wisely
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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.
Related publications
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.