This is an important inflection zone here. A clean break upward could open the door to complete the Cypher.
Its also important to remember the Cypher pattern tool i used is simply meant to measure out a potential retracement that would complete the harmonic move.
What happens there can lead us 2 directions. We could get a pullback and continuation, or the .786 (or 886)) could mark the completion of the BC leg, of an ABCD further down.
In my previous analysis, i referenced the great financial crisis and how we got a higher high double top at the 1.13.
Im not trying to predict which will happen, rather pointing out some logical targets to pay attention to if we do continue higher here.
Ive also marked out some potential time targets as well, in relation to the length of the move down, and attached the Corrective wave schematic, in the case the cypher completes and leads to a deeper correction
Its also important to remember the Cypher pattern tool i used is simply meant to measure out a potential retracement that would complete the harmonic move.
What happens there can lead us 2 directions. We could get a pullback and continuation, or the .786 (or 886)) could mark the completion of the BC leg, of an ABCD further down.
In my previous analysis, i referenced the great financial crisis and how we got a higher high double top at the 1.13.
Im not trying to predict which will happen, rather pointing out some logical targets to pay attention to if we do continue higher here.
Ive also marked out some potential time targets as well, in relation to the length of the move down, and attached the Corrective wave schematic, in the case the cypher completes and leads to a deeper correction
