CYPHER LONG AT 46.80 RSI Divergence 100 MA SUPPORT HAMMER CANDLE
Comments
Fxprotrader
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Great stuff.. In addition we have a 5-3 elliott wave cycle completion at cypher's D point.. A hidden divergence with RSI adds more to this one. This pattern has a lot of potential..!
webmiztriz
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nice.. i have the same... thank you. :o)
mkum
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fine ..
tntsunrise
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Thank you for your 5-3 Elliot wave count. THAT'S PERFECT!
julykiller
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The process may not be so smooth
FullTimeTrader
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Agree, some people think oil will sink again but its just making a correction to continue the long term rally. SL below 45.000 would be safer. Regards.
webmiztriz
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hmmm... is that saying today is the turnaround?
FullTimeTrader
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Hard to say, oil has very slow volatility but sooner or later should rally. Since the D1 chart is still a downtrend usually price makes deep retracements. If you are long its a good idea to take partial profits and add positions on pullbacks. This cypher could work well .