Usd/Jpy Possible Bearish cypher on the daily.
RARE Wild xabcd pattern Cypher appeared on usd/jpy daily chart. (rare because its perfect ret & ext)
x-a = b between .382- .618 retracement
a-b = c between 1.272 - 1.414 extension
x-c = D @ .786
Thank you for your time.
this correlates with possible weakening dxy.
x-a = b between .382- .618 retracement
a-b = c between 1.272 - 1.414 extension
x-c = D @ .786
Thank you for your time.
this correlates with possible weakening dxy.
Note
anyone know the possible meaning of the gap shown?im not too experienced with gaps, but i read somewhere that this type of gap along with its retracement back to the gap is a sign of the bears coming in?
if thats the case it could support the cypher that appeared.
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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.