Nikkei225: Potential TCT into A Cypher (Some Random Analysis)

FX:JPN225   Nikkei 225 Index
The Forex markets have been kicking my tail this week so I decided to take a look at some other markets simply to clear my mind. Conducting technical analysis is actually a stress reliever to me, when I get do it on something that I don't trade. A few of my clients have expressed that they trade many of the indices, which lead me to the Nikkei.

Initially the first thing that popped out to me was the potential bearish Cypher pattern which met up with an outstanding amount of Fibonacci confluence after putting on a few extensions, retracements and inversions. I also had an abcd move projected last night, but couldn't say for sure since the "C" leg was still in progress.

As I took another look this morning i see that the C leg has retraced to a level deep enough to provide a rather good risk to reward for a trader looking to hop on long...not because of the potential Cypher completion, rather because of the overall shift in the trend that we just saw after achieving a HHHC.
Here's A Free Training Lesson for you on "The Only 3 Ways to Trade"

Make sure you check my Trading Podcast & Videos

Open Enrollment Deals ending on April 30th https://buff.ly/2K6Jbj8
Spot on \o/
try ger30 was bullish bat on the 4hr , this could still turn into a cypher? just roughly looking at around 19258?
+1 Reply
Akil_Stokes dionvuletich
I had it as a Gartley actually, but yes if it retraces it could potentially turn into a Cypher as well. That would make back to back to back wins in a very short amount of time. Not bad at all for those able to catch them
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out