About meI look for trading setups with favorable Risk/Return ratio. For each of the trades, I risk 1 dollar to win 2 dollar or a lot more. The patterns are used to support a stable win rate of 40% to 70%.
Pattern trades are:
0. Head and shoulders, marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
look for shorts around 2098 where the completion of Cypher pattern is. Immediate resistance at 0.786 XC. Classic stoploss level should be 2127, but we can look for a improved stop loss level at a lower time frame, a resistance at 2015 for example.