Cypher pattern completed and another cypher pattern setting up in smaller time frame.
I Break this trade into 3 targets
Target 1 - 38.2% retracement of the cypher pattern which also close to 78.6% D leg (Smaller cypher pattern)
Target 2 - I always set target 2 at 61.8% for cypher pattern
Target 3 - Other side corrective wave 4 is on progress (ABC flat correction) wave A just completed and expecting wave B to be completed at 91.95 area which is 90% of the whole A leg
Have a Good Trading Week!!!
I Break this trade into 3 targets
Target 1 - 38.2% retracement of the cypher pattern which also close to 78.6% D leg (Smaller cypher pattern)
Target 2 - I always set target 2 at 61.8% for cypher pattern
Target 3 - Other side corrective wave 4 is on progress (ABC flat correction) wave A just completed and expecting wave B to be completed at 91.95 area which is 90% of the whole A leg
Have a Good Trading Week!!!