cypher harmonic pattern:
AB=0.38 XA
BC=1.41 AB
CD=1.27 BC=$187 *reached*
or
CD=0.78 XA=$273 *reached*
or
CD=2 BC=$586
!Dangerous price zone that has the potential to form bat, butterfly or crab! *unlikely but could have a negative reaction to the floor of the channel*
CD=0.88 XC=($320-$350)
AB=0.38 XA
BC=1.41 AB
CD=1.27 BC=$187 *reached*
or
CD=0.78 XA=$273 *reached*
or
CD=2 BC=$586
!Dangerous price zone that has the potential to form bat, butterfly or crab! *unlikely but could have a negative reaction to the floor of the channel*
CD=0.88 XC=($320-$350)
Note
we are at the end of the 1st wave of Elliott and at ($320-$350) price zone 2nd wave could start. don't trap in the 2nd wave of Elliott but catch the 3rd wave. buy in two steps $187 and $120. we will have a powerful 3rd wave because 1st wave was powerful.Note
it could be a very powerful flag chart pattern.
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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.
Disclaimer
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.