The Cypher harmonic pattern is a technical analysis indicator used by traders to identify valuable support and resistance levels based on the Fibonacci sequence of numbers and detect trend reversals.
Here, in this article, we explain how the Cypher harmonic pattern works, identify it, and trade it.
What is the Cypher Harmonic Candlestick Pattern?
The Cypher...
Bearish Cypher Pattern , in Elliott Wave Analysis is
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA...
Bullish Cypher Pattern , in Elliott Wave Analysis is
Irregular Flat Correction or Running Flat Correction
Rules
The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg;
The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA...
