Yesterday I posted an idea on AUDUSD and I received few structural criticisms on my pattern. Apparently I had claimed that the pattern was a Cypher. There was a heated debate on my published idea( look up on it, I have linked it down). The confusion was caused because these traders that commented, didn't take their time to read the post. They simply judged the book by its cover.
This pattern is called bullish total 3 according to the zup indicator. Zup indicator is one of the best indicators that identify patterns for you. Like every other indicator in this industry, It has its flaws. There are 3 kinds of totals. I have learned them all and I know how they come up. Honestly, I have absolutely no knowledge on who came up with these patterns and so is cypher.
The patterns does look like a cypher, but looking closer it has its extended waves features. Due to my lack of background information on the pattern I compared it to cypher and thought maybe this pattern could be classified as other odd cypher- like- features. But I was wrong, the founder of this pattern has his own strict rules upon it and to those who know it, would hate to see it calculated wrongly.
Examples of other pattern like this is linked down.
Notice they have a tendency to come back and retest the demand. just like this one here
This pattern is called bullish total 3 according to the zup indicator. Zup indicator is one of the best indicators that identify patterns for you. Like every other indicator in this industry, It has its flaws. There are 3 kinds of totals. I have learned them all and I know how they come up. Honestly, I have absolutely no knowledge on who came up with these patterns and so is cypher.
The patterns does look like a cypher, but looking closer it has its extended waves features. Due to my lack of background information on the pattern I compared it to cypher and thought maybe this pattern could be classified as other odd cypher- like- features. But I was wrong, the founder of this pattern has his own strict rules upon it and to those who know it, would hate to see it calculated wrongly.
Examples of other pattern like this is linked down.
Notice they have a tendency to come back and retest the demand. just like this one here
