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..................
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
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out