Comletion of Bearish Cypher
Updated
Harmonic pattern completes at resistance levels also we have a weak new structure high which means that it is probable that we have a deep correction, this is what it makes a high probability trade. Also on the daily chart we have price action confirmation of reversal and some indicators based confirmations on the reversal. it is a low risk trade for me.
(stops just above X point and break even when price reaches T1 )
(stops just above X point and break even when price reaches T1 )
Trade active
Trade closed: stop reached
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.