DOT potentially on the move Cypher Cypher Harmonic on Dot. Potential move to the upside. SL @ 8.7 if you must
Cyper
BNB SHort1- Cyper Pattern in Weekly Time Frame
2- The chart reacts to PRZ, TRZ
3- RD- in D
Sell After break CD Trend Line
CYPHER THE CYPHER PATTERN
The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys.
You can trade the cypher like other harmonic patterns, by waiting for a reversal at the final point and then using pending orders to profit from any potential breakout.
Bullish, Bearish Cypher Patterns
In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at C.
In the bullish cypher, the points A and C should make successively higher highs and point D must be above X. In the bearish cypher points A and C must make successively lower lows and point D should be below X
The reversal is expected at point D, the final point in the pattern.
To validate a cypher check that
AC retraces 38%-62% of XA
BC retraces 113%-141% of XA
AD retraces 78% of XA
Always allow a tolerance of a few percent around these numbers as they will rarely be exact.
The cypher has a slightly different appearance to the butterfly, bat and gartley. In a cypher, C makes a stronger rebound beyond A and that gives the appearance of rising peaks in the bullish cypher and falling valleys in the bearish cypher.
POTENTIAL LONG BULLISH CYPER (APF) H1 TFPOTENTIAL LONG BULLISH CYPER (APF) H1 TF
*THIS PATTERN WILL VALID ONLY UPON COMPLETION OF THE PATTERN
*W4C IS THE BEST WAY TO ENTER
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose
SPX: Nenstar inside Cypher: Double SharkWe got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher.
The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar.
Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!!
This is not trading advice and should be taken with a grain or even a full shaker of salt; trade at your own risk, GLTA!
NZDUSD 240 minutes |SELL| Cypher PatternNice Cyper SELL Pattern formed in NZDUSD 4 HOUR Chart.
69 pips of profit potential
1.39 Reward/Risk Ratio
Cypher USD/JPY (hourly chart)My first ever published idea.
Potential buy opportunity for USD/JPY on 107.356
Comment below for tips or advice!
EUR/USD long 30m CypherSince i had some consecutive losses in my last Cypher trades I didn´t entered at 1.272 projection.
Just entering if price clusters with time and setting half of positions stop tight (over X).
See below for bigger picture
Bullish Cypher right after bearish Batt Here are my two trades today, you can see batt targets were hit now, bullish cypher shooting up. Still time to get in. Trade safe
