Following recent bearish move, market is currently forming bearish cypher completing right at the structure heights. Additionally to that there is Bearish AB=CD pattern completing at the same price levels. These same levels also happens to be near 38.2% Fib retracement of most recent bearish swing.
If price pushes up to these levels then, considering all the confluences, we may see a sharp move back down.
Bearish cypher
Bearish AB=CD
Structure Heights
38.2% Fib
Bearish trend
RSI-????
ATR based Stops above the Cypher starting point ( X )
1st profit targets - 38.2% Fib of Cypher.
If price pushes up to these levels then, considering all the confluences, we may see a sharp move back down.
Bearish cypher
Bearish AB=CD
Structure Heights
38.2% Fib
Bearish trend
RSI-????
ATR based Stops above the Cypher starting point ( X )
1st profit targets - 38.2% Fib of Cypher.
註釋
Currently setting up for bullish Bat on 1h Time frame取消訂單
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