tikkuk
Long

SBIN :Bullish Cypher Pattern

BSE:SBIN   STATE BANK OF INDIA
56 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..................
Reply
tikkuk AMIVIJAY
guide me please... this was based on a youtube video that i saw few moths back...
Reply
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.
Reply
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out