Hello Guys.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
Comment:
We got a Little consolidation right now, remember we can not broke under the C.
Trade closed: target reached:
Target 1 HIT
Target 2 HIT
Target 2 HIT