THE CYPHER PATTERN
The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys.
You can trade the cypher like other harmonic patterns, by waiting for a reversal at the final point and then using pending...
POTENTIAL LONG BULLISH CYPER (APF) H1 TF
*THIS PATTERN WILL VALID ONLY UPON COMPLETION OF THE PATTERN
*W4C IS THE BEST WAY TO ENTER
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
We got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher.
The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar.
Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!!
This is not trading advice and should be taken with a grain or even a full shaker of...
Since i had some consecutive losses in my last Cypher trades I didn´t entered at 1.272 projection.
Just entering if price clusters with time and setting half of positions stop tight (over X).
See below for bigger picture