Loose fitting Cypher . . .
This Cypher pattern fits my rules a little like adult size bib overalls fit a kid.
It covers the body but slops around a lot. BUT, I see no 5 waves down
to count for an a-b-c- correction into support/resistance is just not there for a basic retracement
sell into a possible trend continuation to the downside. Therefor, these bib
overalls might be a better fit than at first glance.
The stops must go above 174.83, which is much to much for my head to handle
so I'll be looking for the candlesticks to provide an entry and lower risk around
the .786-.886 area.
It covers the body but slops around a lot. BUT, I see no 5 waves down
to count for an a-b-c- correction into support/resistance is just not there for a basic retracement
sell into a possible trend continuation to the downside. Therefor, these bib
overalls might be a better fit than at first glance.
The stops must go above 174.83, which is much to much for my head to handle
so I'll be looking for the candlesticks to provide an entry and lower risk around
the .786-.886 area.
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