So far the rules have been met for an advanced pattern
( Bearish Cypher
). There is strong support down by the C leg around the 1.272 fib ext. if you look left on the 240 minute chart. This could be a reversal point and possibly continue to the D leg for completion. The B to C leg is still developing but this is on my radar to watch for the next week. I am putting stops at 122.029 after D leg completion. Target 1 is at 119.871, but I am considering taking targets 1 at 120.000 if this pattern does complete and hit target 1 as projected. This is my first published idea.