Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci)
Price still has to reach 0.786 for D completion and I'll be looking to buy at that area. Good Trading.
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Movement was fast, but reached blue area for our bullish movement passing second take profit and consolidating at 0.786 - 0.886 area. At this point Cypher Pattern has been completed and I expect price to do a minor bearish movement. Good Trading.