lauralea

Bullish Cypher Pattern

Long
NASDAQ:NLOK   NortonLifeLock Inc
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3
Not far over long entry level.

Strong interest in this one is noted.



The cypher is a technical wave pattern in which the market is trending but is making sharp reversals along the way. The key point of the bullish cypher is that both the lows and the highs are trending upwards. In the bearish pattern , the opposite happens.


Harmonic pattern that is based on Fibonacci levels. Stop is often placed under X as it is the lowest point in the pattern. I have had luck placing my stop under D. Just be sure you place it in a spot that everyone else in the market is using! LOL

Not a recommendation

Comments

impressive analysis!
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i am in
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lauralea alshammaryk
@alshammaryk, Good luck!
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alshammaryk lauralea
@lauralea, thank my dear same to you
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