WOCKHARDT completed the Cypher pattern, and bouncing between a range, 618 and 786 FIB of the leg down. Still in the monthly downtrend, currently its trying the break the long term downtrend.
Nice observation. Cyphers are relatively promising. I think shorting near the upper end of this recent consolation range will be less riskier.
Einstein15
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@Bravetotrade, Thanks and yes, the upper consolidation zone seems good entry point. Levels looks pretty clean on hourly.But i am open for it to break in either direction. D to B or D to X, to start with. Let "THE CONFIRMATION" decide it for us.