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Education

THE CYPHER PATTERN

NSE:NIFTY   Nifty 50 Index
This pattern is different. As we observed in the previously discussed patterns, the C point never extended beyond point A. But this pattern is formed when C point extends beyond A.

Rules:

1. X-A: A strong leg which ends at an important Support/Resistance level.
2. A-B: Point B should be between 38.2 to 61.8% of X-A leg
3. B-C: The leg which makes this pattern unique. Point C should be between 1.272 to 1.414 of A-X projection. Some authors also take 1.13
to 1.414 as reference points here. I personally favor the latter but the former is the most agreed levels of projection.
4. C-D: Point D should be 78.6% of 'X-C' leg.

Pattern completes at point D so it is the most important point in the pattern. If all the above conditions are valid, a reversal is expected from this point.

# In Bullish harmonic patterns an upward reversal is expected at point D, whereas in Bearish patterns a downward reversal is expected at point
D.
# Normally a buy/sell order is placed at point D, expecting some sort of reversal; and targets are placed at 38.2% and 61.8% of C-D retracement.
# A complete reversal should not be expected at point D in any harmonic pattern . Only the further price can provide confirmations about trend
reversal.

Refer the following post for learning how to trade harmonic patterns . All the other published patterns are also linked to this post.



Trade safe, be healthy
Hit like/comment and follow if this information is useful.

Regards
Bravetotrade



Comment: Current Examples:

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Comment: you guys can also post your examples in the comment section.
Enjoy.
Comment:
A very nice example of cypher pattern in today's market.
i thought u r posting on Nifty.. :D
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Bravetotrade Parasuram
@Parasuram, :) Let it cool down..its too hot.
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thankyou
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Bravetotrade YashKulkarni
@YashKulkarni, welcome.
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ossom man
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Sir @Bravetotrade , I can understand All these patterns but Hard to Find It on Charts ... Please Help If You can ... Regards !!!
Reply
@kbmj, plz check the trade execution post. There r lot of examples.
Reply
@kbmj, I think it takes some time before our eyes are trained to find these patterns on charts.
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