Prices are now moving strongly towards filling the so I feel the need to issue this warning:
Don't trade that "cypher" because it is NOT a cypher! Trade it at your own risk! If you trade it, you are not trading a pattern!
I had misidentified that pattern as being a but in fact, the C point DOES NOT reach the minimum required as is required to be a cypher! However, the is still valid.
My apologies to my readers and my followers. If I am wrong, I will admit I was wrong! Which I hope is not often!
If you see different , please post a chart. Feel free to call it a cypher and trade it if you wish though. Frankly speaking, I think that that trade just may actually work out to be a winner but it still is not trading a cypher, IMHO. I just don't want to mislead my readers and followers by posting something that not correct. Thanks for the feedback though. I'm not being defensive about it and I do wish it was a cypher so I could also trade it!
See this post: