Bullish Cypher X5

NASDAQ:QLYS   Qualys, Inc
QLYS has been in bear territor for a long time
Not to long entry level at this second but was a few minutes ago I think
Short is naturally high

NV and OBV are also high

Curious to see who will win this one

Risky/ earnings today amc

Not a recommendation

The Cypher was discovered by Darren Oglesbee and though it is technically an advanced pattern formation, it is often associated with and traded alongside harmonic patterns . It has specific Fibonacci measurements for each point within its structure. The B point retracement of the primary XA leg lies between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg and the D point should be a 0.786 retracement of XC. The first target would be the 382 retracement of CD and the second target the 618 retracement of CD.