the bearish cyphers, forming a potential handle. a necessary evil to get a regain on bullish mometum. short term could be a bear trap, I still see a retrace. first lets monitor this cup/handle and see if the b legs hold for support
Note
I see buyers buying off the lows, but these cypher patterns are strong . needs to be monitored 
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bearish cypher by AD Note
cyphers can turn in to cups (base) look for the handles on them .. monitoring this base position Note
for time being .382 fib is holding, have to see if the .5/.618 fibs get tested Note
AD showing an ascending triangle to 57,203 monitoring Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.