With advanced pattern recognition and technical analysis, will it be possible for me to profit bullish on the CD Leg of this possible Cypher, then descend on it's drop once the pattern is filled? We will have to see... RSI shows an oversold market. I am expecting a long rally to the upside with a buy order at market, then taking profit at structural levels. Once the Cypher pattern is formed, I will expect the sell limit to be triggered for 38.2, 61.8 or retracements to structural levels on the descent.
Trade closed: stop reached