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Antikythera_Mechanism
Mar 12, 2022 2:31 PM

HYMC Harmonics: Cypher & Butterfly to Shark 

Hycroft Mining Holding CorporationNASDAQ

Description

Here, we have a short and a long. Gotta love it! I measured this bullish-cypher pattern from four separate areas and they all met the criteria technically; however, the 3rd prz aligned perfectly with the retracement and extension of the pattern. The 3rd prz also aligned with several other extension ratios given as clues from a bullish-butterfly pattern within the cypher pattern and a potential bearish-shark pattern within the price structure. Therefore, price should continue down-trending until $1.00, where price will then become bullish and has the potential to satisfy a potential bearish-shark pattern that is hitching-a-ride on the back of the bullish-cypher pattern. I have marked out all of the most noticeable resistance levels, where one should consider taking profits, in the case that the shark pattern fails or becomes something else entirely. Good luck, trade safely, and remember that this pattern will remain valid all the way down to the final possible prz at $0.77!

Comment

Comments
superiorJaguar24882
nice call. now flagging. ?? thanks for the charts. it is great that TradingView exists to share thoughts.
Antikythera_Mechanism
@superiorJaguar24882, New entry from 1.36 - 1.30. Bat pattern
superiorJaguar24882
@Antikythera_Mechanism, I'm tempted to say $1.22-$1.06
Antikythera_Mechanism
@superiorJaguar24882, Perhaps. Check 1.30 on the 15 minute chart.
superiorJaguar24882
@Antikythera_Mechanism, yes i missed that. nice. i think its doing a little run. hope it breaks PM high. then should go up
Antikythera_Mechanism
Antikythera_Mechanism
@superiorJaguar24882, You are welcome, for sure. I see what mistake I made on the cypher. It's strange but the measurement wanted to be from a weird mid-point that gave 1.15 as the reversal price. I'll remember that for the future and just give a range for the extensions 1.272 and 1.414, rather than just measuring up and back down.
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