Cypher pattern on daily chart
In a perfect Cypher pattern the AB leg should be a 0.382 or 0.618 retracement of the XA leg, and the C point should be a 1.130 to 1.414 projection of the XA leg, and the D point should be a 0.786 retracement of XC.
Will likely look for short around 1.146
In a perfect Cypher pattern the AB leg should be a 0.382 or 0.618 retracement of the XA leg, and the C point should be a 1.130 to 1.414 projection of the XA leg, and the D point should be a 0.786 retracement of XC.
Will likely look for short around 1.146
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.
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.