At market bear cypher advanced formation. It is seen by prex(10) and atr(2.5, 30) reversal algorithms. Atr swing identification algorithm is commonly used by classic chart pattern traders and prex algorithm is a universal algorithm used by the majority of traders.
If you have this pattern in your trade plan then...
sell in 113.99-114.14 zone. if the zone is crossed then the pattern didn't work. first target is 113.88, second target is 113.79. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
If you have this pattern in your trade plan then...
sell in 113.99-114.14 zone. if the zone is crossed then the pattern didn't work. first target is 113.88, second target is 113.79. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
