In the events of price reaching the D level in this pattern and
find support there, it may signal a reversal and a buying
opportunity, as it completes a Cypher Pattern. The pattern
will be erased if the A level is taken out. The D buy stands
at 12150. The B point is a bit heavy/deep (normally the 61,8
retracement of XA), but then harmonic patterns are rarely perfect.
A failure at D may cause a fast decline and run at the low.
find support there, it may signal a reversal and a buying
opportunity, as it completes a Cypher Pattern. The pattern
will be erased if the A level is taken out. The D buy stands
at 12150. The B point is a bit heavy/deep (normally the 61,8
retracement of XA), but then harmonic patterns are rarely perfect.
A failure at D may cause a fast decline and run at the low.
Trade active:
D Buy hit.
