X is the pattern low, and C is the high.
Analyzing typical bullish Cypher pattern reveals:
XA leg starts at point X and ascends.
AB leg retraces XA, typically falling between 38.2% and 61.8%.
BC leg surpasses point A, concluding between 127.2% and 141.4% of XA.
CD leg descends, ending near the 78.6% retracement of X to C.
Once the price hits 78.6% at point D, the bullish Cypher pattern completes
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
Analyzing typical bullish Cypher pattern reveals:
XA leg starts at point X and ascends.
AB leg retraces XA, typically falling between 38.2% and 61.8%.
BC leg surpasses point A, concluding between 127.2% and 141.4% of XA.
CD leg descends, ending near the 78.6% retracement of X to C.
Once the price hits 78.6% at point D, the bullish Cypher pattern completes
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
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