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'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 !!!
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.
Not smart enough to remember hitting the insert button, I guess.
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 !!!