i just watched your chart and it really appeal me. you have analysed well in this chart......however i think this market likely to go down at least 300 points from here, if the market closes above 0.8370 then it will get bullish control and signaling that quit the sellers. if it does not then NZD will get too much strong and there will be a big slap on USD.
Nice analysis dear. Please keep guiding people like me :) thanks a lot
for the cypher pattern the D-point is located by a 0.786 XC retracement.
1. Now tor the shark pattern, the D-point is an 0.886 - 1.13 retracement. Is this measured from XA or XC?
2. Although there are some differences between shark and cypher, there is an overlap. How do you personally determine whether its a shark or cypher? Do you just evaluate the PA at the key D-points for both patterns?
Thanks in advance :)