Bearish Cypher + Equal AB=CD completing at major structure level
Following recent bearish move, market is currently forming bearish cypher completing right at the structure heights. Additionally to that there is Bearish AB=CD pattern completing at the same price levels. These same levels also happens to be near 38.2% Fib retracement of most recent bearish swing.
If price pushes up to these levels then, considering all the confluences, we may see a sharp move back down.
Bearish cypher
Bearish AB=CD
Structure Heights
38.2% Fib
Bearish trend
RSI-????
ATR based Stops above the Cypher starting point ( X )
1st profit targets - 38.2% Fib of Cypher.
If price pushes up to these levels then, considering all the confluences, we may see a sharp move back down.
Bearish cypher
Bearish AB=CD
Structure Heights
38.2% Fib
Bearish trend
RSI-????
ATR based Stops above the Cypher starting point ( X )
1st profit targets - 38.2% Fib of Cypher.
Not
Currently setting up for bullish Bat on 1h Time frameEmir iptal
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.