Again another channel and Cypher inside

We can see harmonic move (green lines) completing at 1.414 extension and now we should expect market to press down and opportunity to go short or wait for Cypher completion and go long... Also if we drop time frame at 1h we see that RSI is overbought (RSI variables 7period 80overbought 20oversold)

Bình luận:

currently we are at 1.168 extension and we can expect two directions, up or down. If the price goes up then is most likely we will see another harmonic move and retest of next resistance level or if the price goes down retest of first support level. Here is the link of scenario