We have an interesting little cypher pattern here. Is has dropped below where would normally enter at D completion. Which means we are closer to our stop loss and have a better RR. Let me know what you think. Check out my video on this trade at https://www.youtube.com/watch?v=sEBktphFRUY
Looking for trend continuation. Daily RSI is way oversold at 87. We are also at a major structure level looking left. If you go down to a 15 min time frame you can see that we have double topped at that major structure level.
We have double topped and broke structure to the down side. Looking for a retracement back up into the .618 around 78.29's. Stops go above X. Target 1 at previous structure lows with extended targets at 1.27 extention.