tikkuk
Long

SBIN :Bullish Cypher Pattern

BSE:SBIN   STATE BANK OF INDIA
58 3 1
A good cypher pattern establishing on SBI             .
It ticked almost all the rules
point 'b' should not close below the 618 retracment(x to a) ,point c should not close above 1.414 (Fib extention x to a and a to x) ) and entry point 'd' should be at 786 (x to c) fib retracement which comes out to be 253.20 .

Place a buy at 253.6 with a stop loss at 251.89
Trade closed: stop reached
Revisit CYPHER ratios again..................
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tikkuk AMIVIJAY
guide me please... this was based on a youtube video that i saw few moths back...
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AMIVIJAY tikkuk
AB RATIO = Between 0.382 to 0.618 (0.48 is perfect)
BC RATIO = Between 1.128 to 1.414 (2.104 is Deviation)
BD RATIO = Between 1.272 to 2 (You can stretch point D)
XD RATIO = Around 0.786 (+/- 5% around 0.786 is allowed)

All the best with Harmonics.
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