SPX500 gamble a Lincoln for a Franklin - Bearish Cypher Pattern
Cypher pattern: fib number 0.613 approx 0.618. 1.232 approx 1.27.
Price exceeds Point D but still under X, providing a good entry with smaller stop-loss. Since the volatility is potentially high, 2 point buffer is added to point X as the Stop-loss level.
Stop-loss: 2113.5
Enter short at current level
TP 2075, 2056
Price exceeds Point D but still under X, providing a good entry with smaller stop-loss. Since the volatility is potentially high, 2 point buffer is added to point X as the Stop-loss level.
Stop-loss: 2113.5
Enter short at current level
TP 2075, 2056
Comment:
entered 2103
