Potential Cypher pattern
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The markets are a bit quiet for my structure-based trades at the moment, but we have a neat potential Cypher pattern setting up. If it completes it could make for an interesting trade.
Do NOT be tempted to trade up to the D completion, please wait until the pattern has completed (if indeed it does) before using this advanced pattern as an opportunity to trade.
Do NOT be tempted to trade up to the D completion, please wait until the pattern has completed (if indeed it does) before using this advanced pattern as an opportunity to trade.
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My hunch is that we are in for further decline, moving the shape and therefore entry/targets/stops for this Cypher. Updated idea to be posted shortly...Заметка
Well price action did not close beyond the 1.414 Fib Extension so if your rules allow a spike beyond but no close beyond, this original Cypher Pattern is still technically valid, working its way to 'D'.Заметка
Looks like this Cypher may complete, but will it complete in time before the weekend?Сделка закрыта: достигнута тейк-профит цена
Target reached.
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