TRON Road to 0.04$

Detected Cypher trading Pattern

Cypher Pattern – Rules

The Cypher pattern starts with a market price that establishes the X and A points. Once this leg is determined, the pattern evolves.
Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA
Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level
Point D is formed when it retraces 0.782 Fibonacci level of XC
Point D is also where prices are expected to reverse
Targets are determined as 0.382 and 0.618 Fibonacci retracement levels of the CD leg
Stops losses are placed a few pips below or above the high or low of point X

The Buy zone is suggested on the chart. With potential Bullish flag and pole stuctures

Join our discussion room for more about our trading ideas.

Please share your thoughts about it and support my post with your LIKES.

Thanks

Giao dịch đang hoạt động

Giao dịch đang hoạt động