Great analysis, it is very appreciated how you put in the intermediate steps on the trade so we can all see how it progresses.
Can you give any reference or suggestions how sensitive the cypher (or other) pattern is to variation from the ideal ratios? For example some would say the X-B needs to be at least 0.618 and not more than 0.786 and this plot only shows 0.400. Sorry if this is lame, I am just starting out.
Best regards
Alexander_Nikitin
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@DocWonmug, the ratios aren't exact numbers. they are ranges. for the cypher the B-point shoud be minimum of 0.382 and should have no candle close beyond 0.618.
Can you give any reference or suggestions how sensitive the cypher (or other) pattern is to variation from the ideal ratios? For example some would say the X-B needs to be at least 0.618 and not more than 0.786 and this plot only shows 0.400. Sorry if this is lame, I am just starting out.
Best regards