Mate, this pattern is not a cypher. The lowest close of C-point shouldn't go beyond 1.414XA extension.
But if you trade it as a Shark pattern then the setup meets the rules. In this case the entry should be at 0.886XC.
Alexander_Nikitin
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@Alexander_Nikitin, One more thing.. odds are in the favour of winner ONLY if stop goes past X-point.
skymtrader
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@Alexander_Nikitin, much appreciated. I'm aware of specific rules for the cypher pattern and have often observed this play out like a normal cypher pattern regardless. I never trade with a blind entry. I only enter after proof of reversal by my rules and I've done extremely well with this approach. Thank you for the observation brother...
Alexander_Nikitin
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@skymtrader, Well, then you were trading a shark pattern without knowing it:)
But if you trade it as a Shark pattern then the setup meets the rules. In this case the entry should be at 0.886XC.