Bullish Cypher heading towards completion at support area.
Comments
Aqua-Life
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Sorry mate, but this isn't a cypher pattern.
JohnnyL42
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Hi Aqua-life, I'm still rather new at harmonic patterns so I really appreciate your comment. Could you give me a bit more detail on where I went wrong?
Thanks
Aqua-Life
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On the BC leg. This must be at least a 1,272 extension of XA.
JohnnyL42
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ok thanks for the clarification mate. I had a few different rules defined for this pattern from google searches. One of them defining BC between 1.13 and 1.41, which was what I was looking at in this chart.
Aqua-Life
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Yeah, unfortunately there are a lot of flaws according to pattern trading ratio's on the internet.