(Daily) Bearish Cypher // Overbought and Divergence in formation
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Comment:
Adjusted fibs and targets! 1st target reached at 38% retracement:
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Comments
Very nice and precise reaction there mate! I have just made my analysis and I think that there might be a strong support around 7590. What do you think? Will you hold your position even against it? Thanks and good luck!
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According to the reading material you are linking here, does the cypher invalidate because the XC distance is not at 78.6%? Why is 88.6 valid?
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Eventual Double Top (only validated on Neck breakout)...