A cypher completion?
1. Could point D crystallize within a PRZ? If so we could see a reaction towards T1.
(And price could break down to the lows of the bearish channel. Maybe an extension of 1.272 downwards?)
2. Or price could only fall into T1 and then go up further to point X?
(And maybe break out of the channel retracing back up the 618 in green)
3. Or price could consolidate for a little while..
Either way, if an short entry signal occurs after the cypher has completed.. i'll try to short to at least a safe T1.
1. Could point D crystallize within a PRZ? If so we could see a reaction towards T1.
(And price could break down to the lows of the bearish channel. Maybe an extension of 1.272 downwards?)
2. Or price could only fall into T1 and then go up further to point X?
(And maybe break out of the channel retracing back up the 618 in green)
3. Or price could consolidate for a little while..
Either way, if an short entry signal occurs after the cypher has completed.. i'll try to short to at least a safe T1.