C is over long entry level.
The Cypher pattern is a technical wave pattern in which the market is trending but it makes sharp reversals during the day. The important point of the bullish cypher is that both the lows and the highs are trending upwards. For the bearish pattern, the opposite happens.
If the cypher completes successfully with a reversal taking place at point D, it may eventually become a trend channel where the price moves between the highs and lows. Cyphers can also appear inside price channels that are already formed.
It is recognizable in it's bullish version by the 2nd peak being higher than the first like a bullish shark. D is the landing pad in the Cypher pattern and should land close to the .786 of XA.
No recommendation
Targets 2, longer term are 93 to 101
The Cypher pattern is a technical wave pattern in which the market is trending but it makes sharp reversals during the day. The important point of the bullish cypher is that both the lows and the highs are trending upwards. For the bearish pattern, the opposite happens.
If the cypher completes successfully with a reversal taking place at point D, it may eventually become a trend channel where the price moves between the highs and lows. Cyphers can also appear inside price channels that are already formed.
It is recognizable in it's bullish version by the 2nd peak being higher than the first like a bullish shark. D is the landing pad in the Cypher pattern and should land close to the .786 of XA.
No recommendation
Targets 2, longer term are 93 to 101
Comment:
Correction: The Cypher pulls to the .786 of XC, not XA