Hi All, I wanted to share this with you explaining Cypher Pattern. On the left are steps required for valid Cypher, and the right Pane is the Stops and Targets First I will explain the numbers I have noted on the charts, this is a standard procedure I follow 1. Recognized Structure - Potential X to A leg 2. A Leg is now formed 3. B Leg and lets see how far...
Hi Traders, After more positive feedback received from the Gartley & Bat Pattern explanation, I have drawn the final illustration explaining my interpretation of the Cypher Pattern For those who have not yet seen the explanation for the Gartley or Bat Pattern I have attach the link in the comment section below. Above Is an illustration of a complete Cypher...
A bearish Cypher pattern is forming on this popular currency pair. It may look a bit weird, but it all points from X to C lign up nicely for a cypher pattern formation. Whether it will complete or not, I wanted to use this opportunity to give an explanation on this pattern. How do you recognize a cypher pattern ? The Cypher pattern was discovered by Darren...
How to determine the difference between a shark and a cypher as they are very similar. If I have time I'll try to catch the 5-0 trade on this one also. Extra addition: as you can see there were a lot of sellers in the 0.886 retracement too (as it is the first entry spot for a shark). You can determine if this is a false selling point by using the ABCD. You sell...