potential bearish cypher

FX:AUDJPY   Australian Dollar / Japanese Yen
42 3
Overall trend in the next higher timeframe is bearish . The pattern compliments that trent.
It also looks to complete near a prior resistance.
For the Cypher, I think you meant D point is to be measured from X to C (0.786 XC retracement).
Could you explain what you meant by "Point D as a ratio from point C to point B"?

Also, this pattern could also be considered as a bearish shark as C point completed an external retracement of AB by 1.618. In this case the completion of the pattern is 0.886 XC retracement.

I'm actually a little skeptical about this setup. I use Carolyn Boroden's work on fibonacci price clusters, and there are no clusters forming around 0.786 or 0.886 XC retracement.
I meant to insert chart
Not smart enough to remember hitting the insert button, I guess.
I'm watching this also.
This platform does not account for Cyphers, however, it shows point D
as a ratio of point C to B when the .786, as you know, should be measured
from C to A. Thus the correct point D is around 93.65.
Usually pt d shows a figure around .71 but, in this case is higher
because pt b went past the .382 a fair distance.
Good Luck to us Both !!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out