Hi, I am a learner and had just gone through Cypher Pattern . While moving through this chart I tried my 1st ever Cypher Pattern on Script. Please the PRo-Traders express your view towards correctness of the pattern and help me out with how StopLoss and Target should be calculated if the Trade gets activated in upcoming time at 31.05 without breaking the...
It can be seen on daily Chart that NIFTY is in process to form BULLISH CYPHER pattern.
Which can lead NIFTY to re touch recent lows levels in next 2 months.
If Daily chart NIFTY move out of the SPAN of CYPHER Pattern trade can be considered as closed.