SPX Hourly Cypher Pattern - Long Draw
Hello traders,
Today, I am releasing my observation of a Cypher pattern on the hourly for ES. I believe another extension wave push-up is due before retracing into previous pattern zones. Among the chart are target areas, entry areas, and a stop loss I will be using for this trade.
As always, keep in mind the possibility of this trade failing to materialize. None of this analysis is intended to be used as a financial guideline, or as advice to any individual(s).
Thank you all for viewing!
best,
Richie
Today, I am releasing my observation of a Cypher pattern on the hourly for ES. I believe another extension wave push-up is due before retracing into previous pattern zones. Among the chart are target areas, entry areas, and a stop loss I will be using for this trade.
As always, keep in mind the possibility of this trade failing to materialize. None of this analysis is intended to be used as a financial guideline, or as advice to any individual(s).
Thank you all for viewing!
best,
Richie
Note
move up occurred as expected this morning, sailing a little close to the sun with this one - let's keep an eye on technicals.
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