A potential bullish cypher is near to its completion for a long/buy opportunity.
Cypher rule:
XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 127.20% < 141.40% point AB leg extension *price must not closed beyond 141.40 if it does, pattern is invalid. Dpt completion - 78.60% XC leg - ENTRY
SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).