USDCAD: WARNING! A Mistaken Cypher Pattern!

4 days ago, I published 2 advanced patterns I saw on this pair: 1 bearish Cypher and 1 bearish Gartley.

Prices are now moving strongly towards filling the cypher so I feel the need to issue this warning:

Don't trade that "cypher" because it is NOT a cypher! Trade it at your own risk! If you trade it, you are not trading a Cypher pattern!

I had misidentified that pattern as being a cypher but in fact, the C point DOES NOT reach the minimum required 1.272 extension as is required to be a cypher! However, the Gartley is still valid.

My apologies to my readers and my followers. If I am wrong, I will admit I was wrong! Which I hope is not often!