Hey mates, I am looking for this cypher to complete. The whole process of analysis is explained in this video. Have a look, it is less than 10 minutes. And it shows how my approach can be applied for lower timeframes as well. youtu.be/z1ILHNSMJAs //|+-------------------------------------------------------------------------------------------------+ //|This pattern was found with Pattern Search Software (c) //|Contact me if you wish to get your copy of it //|+-------------------------------------------------------------------------------------------------+ Best regards, Alexander Nikitin A professional trader & a programmer.
Entry position looks fine considering that it would be near an area of resistance on higher time frames. But based on a different method or perspective, I'm doubtful that the entry point above is likely to be met. - if it does that's totally fine. The market is the ultimate judge, jury and executioner. The markets hold the future - not me. We agree as always: plan your trade, trade your plan. :)