Room722
Short

Good sell opportunity at confluence of bearish patterns

FX:AUDUSD   Australian Dollar/U.S. Dollar
196 5 2
We can see 4 bearish harmonic patterns here at 0.7260 level: Bat (blue), Anti-Butterfly (pink), Anti-Cypher (green) and Deep Crab (it was red :) )
SL is behind of 1.128 level of Bat.
TP is at 50% Fibo.
what are the rules for anti-butterfly and anti-cypher? do you invent them yourself?
Reply
Room722 Alexander_Nikitin
Hi! A series of anti-patterns was intoduced by a trader with nickname "poruchik" at forexfactory forum, as I remember... Almost all of the known HP are included in ZUP indicator (for MT4).
Reply
Room722 Alexander_Nikitin
The rules for anti-butterfly (as I understand) are as follows: AB is from 0.382 XA and not more than 0.618 XA, BC is in the range of 1.128 to 2.618 of AB, CD must fall in 1.128-1.272 BC interval and 0.618-0.786 XC retracement.
Reply
Room722 Alexander_Nikitin
For anti-cypher: AB is from 0.5 XA and not more than 0.786 XA, BC is more than 0.5 AB and not more than 0.786 AB, CD must fall in 1.618-2.618 BC extension interval and D point must be lower than X point but not exceed 1.272 XA extension. These are the rules for bullish patterns.
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ok. what's the probability that price will go to 38,2%AD before hits 1,128XA?
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