VibhutiSharma

DABUR : CYPHER BULLISH

Long
NSE:DABUR   DABUR INDIA LTD
Rules Guiding Cypher Pattern
For every potential trading pattern, there must be guidelines and laid down rules. It is also applicable to Cypher Pattern . While identifying a cypher pattern , look out for five different points. They are the X, A, B, C, and D points. The lines between each of these points are legs.

These legs are also XA, AB, BC , and CD, respectively. The pattern begins with the XA leg, while the D point represents the end of the pattern. After identifying the points and legs, follow the directives;

The point B has to undergo reversal ranging between 38.2% and 61.8% of the leg XA. A minimum of 38.2 percent but not exceeding 61.8 percent.
Point C is an extended leg and goes beyond A – but must be of a minimum value of 127.2%, but it can still exceed 113%, moving up to a maximum of 141.4%.
The leg CD should intercept the XC at the 78.6 percent level.
The Region of Potential Retracement of point D is a vast limit where the price is heading to, and it lies between 38.2% to 61.8%.

Comments

good
+1 Reply
good analysis...........
+1 Reply
gret work
+1 Reply
Hi
I want to learn harmonics,

R y using any specific indicator for harmonics or purely price action and chart analysis.

Please help
Reply
@CHDVIKAS, it is purely PA and chart analysis....
+1 Reply