Possible stop below D or 210.75
Possible long term targets 321.9 to 352
Amgen tried to break out several weeks ago and did not hit targets. Perhaps the bearish rising wedge won the battle
It has been a bit stagnant for a while but is over LE level for this 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.
In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at D.
The cypher is a technical wave pattern in which the market is trending but is making sharp reversals along the way.
Possible long term targets 321.9 to 352
Amgen tried to break out several weeks ago and did not hit targets. Perhaps the bearish rising wedge won the battle
It has been a bit stagnant for a while but is over LE level for this 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.
In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at D.
The cypher is a technical wave pattern in which the market is trending but is making sharp reversals along the way.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.