because of the nearly perfect .786 C rectracement of AB leg, because of the "harmonic" nature of this pattern the CD leg will be an inverted .786 retracement of the BC leg, aka a 1.272 projection of the BC leg (1/0.786). The blue rectangle is the Potential Reversal Zone(PRZ), keyword potential. It's just the empty space between the .786 XA retracement and the...
changing my mind from my bullish, to open minded. waiting to see what happens
pulling back to right around .382 retracement or as low as the .5 retracement of the swing from end of august
kind of arbitrarily using this curve tool, but maybe this will pan out; we will see.
Deep crab pattern. Target 1 is at .382 retracement as well as swing resistance.
Despite a break below the ascending triangle, and in addition to the price slowing down, both Stochastic and RSI show oversold conditions in an area of previous support. Buy stop order @ previous swing support
there's lots of stuff going on, some feedback on what i could possibly not include next time, would be great. The impulse wave as the cypher pattern . Green dotted line is previous support swell as the 1.618 retracement of the 3-4 leg. the cypher completion (.786 retracement) is at the same level as the vertex of the symmetrical triangle(golden lines). 200ma is...
didn't see this pattern earlier, but pretty cool to see.
looking for completion of Cypher pattern off of the back of the Gartley pattern, which just completed.
A rising triangle is normally a bullish signal. However due to the previous down trend, it could possibly be a consolidation pattern before it breaks down.