An opportunity to long/buy here with a possible double pattern confluence of Gartley and Cypher. To have a valid Cypher price must retrace atleast 61.8% of the Cypher's XC leg and must not retrace atleast 78.6%. If it does, it would invalidate the possible bull gartley setup that would be a possible confluence to a potential bull Cypher setup. Trade with care and at your own risk.
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Setup complete. Now we could wait for confirmation to long or aggressively long with 1:1 RRR as seen above.