Cypher pattern: fib number 0.613 approx 0.618. 1.232 approx 1.27.
Price exceeds Point D but still under X, providing a good entry with smaller stop-loss. Since the volatility is potentially high, 2 point buffer is added to point X as the Stop-loss level.
Stop-loss: 2113.5
Enter short at current level
TP 2075, 2056
Price exceeds Point D but still under X, providing a good entry with smaller stop-loss. Since the volatility is potentially high, 2 point buffer is added to point X as the Stop-loss level.
Stop-loss: 2113.5
Enter short at current level
TP 2075, 2056
Note
entered 2103
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.
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.