Cypher

Bearish Cypher

EPS (FWD)
-4.63
PE
-
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
3.12%
Market Cap
$59.69B

No recommendation

Note

Valley 2 is lower than valley 1 which, for me, leaves a cypher, shark or a Nen-Star pattern. There are a lot of harmonic patterns out there that are not recognized by some as valid patterns, but these 3 are the most common harmonic patterns that have valley 2 lower than valley one, from what I have seen. I see the Shark more often than the other 2.
It appears that the 4th leg reached it's destination at the .786 which qualifies as a Cypher pattern.

Note

It is a good idea to check for a "Buy to cover signal" a long the way as things can always change. I aim for target 1 and if the security still looks bearish, I set my goal at target 2.
Do not take my word for\ any targets I calculated and do your own research.
If I do not understand a pattern, I do not trade it.

Note

8/22 Price closing in on a gap.

Note

adding to position

lauralea

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lauralea