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Hiddenharmonicstrading
Sep 24, 2022 4:21 PM

$ETH cypher  Long

Ether / United States DollarCoinbase

Description

ETH has a daily inside bar break high at the golden ratio/ 618 fib level ( also the 1.272 ext of first wave lower) ideally a break high and hard drop i would have interest in a long off 786 trigger of this cypher pattern. WIth price action only. Please note highlighted structure lining up with 618 fib level, it can make a move from here.

Price action to look for is always as follows = Pin bar , engulfing bar or inside bar . In addition a 2/618 double bottom or low time frame harmonic.

Comment

XRPUSD = Harmonics in action, Gartley then cypher off lows

Comment

Perfect example of a 2/618 double bottom w neckline, 618 also had inside bar before nice 65% move wo a downtick

Comment

Apologies on fib level from above, I forgot to anchor it to the high after checking the B retracement, This is the correct levels. 886 can still trade and be valid as the cypher can turn into a Bat pattern
Comments
SwallowPremium
Such an interesting trading setup. Keep posting!
Hiddenharmonicstrading
@SwallowPremium thanks I will 🙏
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