ETH has a daily inside bar break high at the golden ratio/ 618 fib level ( also the 1.272 ext of first wave lower) ideally a break high and hard drop i would have interest in a long off 786 trigger of this cypher pattern. WIth price action only. Please note highlighted structure lining up with 618 fib level, it can make a move from here. Price action to look for is always as follows = Pin bar , engulfing bar or inside bar . In addition a 2/618 double bottom or low time frame harmonic.
Note
XRPUSD = Harmonics in action, Gartley then cypher off lowsNote
Perfect example of a 2/618 double bottom w neckline, 618 also had inside bar before nice 65% move wo a downtick Note
Apologies on fib level from above, I forgot to anchor it to the high after checking the B retracement, This is the correct levels. 886 can still trade and be valid as the cypher can turn into a Bat pattern
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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.