You have bullish divergence at critical support at wave c of this pattern. I am giving us a potential area of shorting at the pcz of the bearish cypher. We'd look for bearish divergence on the four hour time frame before taking a short. That I will keep you updated on if and when we hit the pcz of the bearish cypher!
The Bullish Cypher has played out ladies and gents! We hit our PCZ and I took a position at 563 and 555 sats! I have taken some profit at two different targets, but now is where we need to start looking for Cypher pattern Targets. We're talking about potential price reversals to the downside between the retrace of the .786 also at wick A and also the 100% retrace...
We have a Bearish Cypher pattern on the ADA/USDT on the 15min TF, 2 moves can be played here:
Long: The price seems to bounce on the support line while RSI enters the 30+ zone and the MACD seems to be ready for a bullish crossover of the signal.
Short: Following the Bearish Cypher, we can expect a dump of the price once D is reached which also corresponds to the...
Three possible bearish harmonic patterns (Shark, Cypher, and Gartley) on USDJPY.
Small Cypher formed and was entered for TP1.
Waiting for larger Gartley or Shark to from before entering for the sell.
With price nearing the overhead resistance line, 3 red candles in the last 3 days & the probability of mean reversion to the Kijun-Sen line against the background of bearish current market sentiment, it would be interesting to see how this pattern will work out.