Hello all,
I will take this Cypher pattern to sell.
the Ratios are good. trend is still down.
Stop is above a structure area, and also a 61.8 fib of a larger swing.
Order flow to the down side has slowed down so I am looking for a pull back to my entry point.
NOTE:
I am also aware that it may go up to retest 0.7680 (61.8) that still keeps me safe.
BUT: IF stop hunters are there and stops me out.
THEN I will look to take an aggressive sell, as long as there is no close above the 78.6. but that will be done on a smaller time frame, in that area.
As I am typing this, this may create a new "C" point, so adjust your numbers as needed.
Good luck.
I will take this Cypher pattern to sell.
the Ratios are good. trend is still down.
Stop is above a structure area, and also a 61.8 fib of a larger swing.
Order flow to the down side has slowed down so I am looking for a pull back to my entry point.
NOTE:
I am also aware that it may go up to retest 0.7680 (61.8) that still keeps me safe.
BUT: IF stop hunters are there and stops me out.
THEN I will look to take an aggressive sell, as long as there is no close above the 78.6. but that will be done on a smaller time frame, in that area.
As I am typing this, this may create a new "C" point, so adjust your numbers as needed.
Good luck.