Potential Stop & Reverse (Cypher to 2618)
I put out the Bearish Cypher idea just a couple hours ago. If this Cypher gets filled and rolls over to Target 2 at the 61.8 Fibonacci Retracement, you will have a Bullish 2618 setup. Now the exact entry for the 2618 might be a little different depending on how far the market pushes up, but as long as it doesn't blow out the cypher pattern, you will have a nice 2618 setup.
Now since the Cypher hasn't filled yet, you can also use this to just bracket the market and then wait and see what gets filled first.
As always follow your trading plan.
Good Luck and Good Trading!
Now since the Cypher hasn't filled yet, you can also use this to just bracket the market and then wait and see what gets filled first.
As always follow your trading plan.
Good Luck and Good Trading!
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