Maybe at this bullish moment not the most logical to play out but it's technical so perfect. And looking at the daily chart if we close the day like this and continue reverse then we have bearish divergence
Hey @Tom-Jones Nice work!
If I can point a small thing... the tool you used for C point measures AB projection instead of projection of the primary XA leg and gives you 1.414 when is actually 1.13. So pattern is actually correct in this case =)
However it's worth to pay attention which toll you are using (TV have different toll for Cypher), happened to me to got false signal until I checked manually that something is wrong.
Tom-Jones
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@Kuba_San, your totally right. Just didn't realise it because I have the standard harmonic tool in my favorites bar. Thanks for pointing this out!
Nice work!
If I can point a small thing... the tool you used for C point measures AB projection instead of projection of the primary XA leg and gives you 1.414 when is actually 1.13. So pattern is actually correct in this case =)
However it's worth to pay attention which toll you are using (TV have different toll for Cypher), happened to me to got false signal until I checked manually that something is wrong.