svmoss

Bullish Cypher Pattern

KRAKEN:XBTUSD   XBT / USD
Hi, so here we have a good example of a Cypher pattern ,

We had a new structure high, which is the X-A Leg -
Starting from that, we look for the 1.27 extension of this leg to spot the area it could go in case of a cypher pattern completion ( this area will be point C area, which is B-C Leg )

Then we run back to the 618 Fib. retracement to complete the A-B Leg, which makes here a good setup for a cypher .
Once the C point is reached and B-C Leg complete, we look for the X to C fib. retracement; we expect the price to reach the 786 fib level to complete the bullish Cypher pattern.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out