I am not certain this represents a Cypher, on the basis of C in relation to AB. In the original proportion, the Cypher should seek to attain no greater than a distance equal to 1.414 times AB, and no lesser than 1.272. In your chart, that value is posted as 2.118, exceeding the prescribed 1.414 multiplier.
In addition, Point-D relative to the XC impulse should be at a multiplier equal to, and no lesser or greater than 0.786.
I speak with a little confidence here, since I was present at the private meeting on the day this pattern was revealed to our "Mastermind" group by its author, Darren Oglesbee.
If you need a video to review its content, here is one that gives it justice, written by the author himself, although I am not sure whether this release was ever authorized. Nonetheless, here it is for your review:
@fximperija - Glad you do. Darren Oglesbee can be reached through @Akil_Stokes or @Jason_Stapleton, both of whom are good friends of mine and working colleagues of Darren Oglesbee. I was with all three plus an international team of traders once, through a group Jason had organized, called "MasterMind". It was during that first year of the group that Darren introduced the Cypher, first to us in privacy, then to the larger population. It is now a well established pattern.
Ask @Akil_Stokes about this pattern, as he is the only known pattern trader with a proven track record to trade for a living through patterns.
Both Akil and Jason are members of TradingView, and can thus be easily approached about this patterns, as well as lessons, programs and other highly recommended involvement opportunities with their well-established program.
Cheers,
David Alcindor
fximperija
⋅
Know them pretty well, but I realized that patterns all by them selves aren't much. In conjunction with other methods they are powerful indeed. As I told you earlier [not remembering the actual post] I tend to lean more on underlying math rather than the visual representation.
I am not certain this represents a Cypher, on the basis of C in relation to AB. In the original proportion, the Cypher should seek to attain no greater than a distance equal to 1.414 times AB, and no lesser than 1.272. In your chart, that value is posted as 2.118, exceeding the prescribed 1.414 multiplier.
In addition, Point-D relative to the XC impulse should be at a multiplier equal to, and no lesser or greater than 0.786.
I speak with a little confidence here, since I was present at the private meeting on the day this pattern was revealed to our "Mastermind" group by its author, Darren Oglesbee.
If you need a video to review its content, here is one that gives it justice, written by the author himself, although I am not sure whether this release was ever authorized. Nonetheless, here it is for your review:
simplychartpatterns.com/harmonic-patterns/cypher-patterns/
Cheers,
David