Just found a bearish cypher pattern in bank nifty index, on daily chart. MACD shows signal line crossing over MACD line, indicating a downtrend and RSI is indicating that the bank stocks are over bought. 0.236 and 0.382 retracement levels will be 19788.54 and 19371.6 respectively.
Multiple Harmonic Patterns have formed on COALINDIA. Bearish Cypher and Bearish Bat signal us short trade opportunity. Price is already in my entry zone but I will wait for Overbought RSI to give me additional confirmation to take short trade. Good Luck!!!
Hi Guys.. Hope everyone had a profitable week. Here on BHEL chart, it looks like Cypher will complete soon giving us an opportunity to get into short trade. Previous support near pattern completion gives additional confirmation on short entry. Cypher has low risk/reward compare to other harmonics but has higher winning percentage. Potential Trade: Short Entry:...
Bearish Cypher is about to complete on ULTRACEMCO. Wait for pattern to complete for entry. Trade: Short Entry: 3860 Target: 3550 Stop: 4090 Happy Trading!!!
A bearish cypher seems to be emerging on the FX_IDC:USDMXN 4 hour chart. A limit Sell order can be placed at 21.7887 Target: 21.4403 Stop: 22.0654 A 1:1.26 Risk Reward Ratio
A cypher pattern near completion. Watch for price action @ D level (Doji, Eve Star, Bearish Engulf ETC) Target calculated with C to D leg retrace (0.382 & 0.618 of Fibo)
Bearish CYPHER Pattern on Shri Ram Transport and will break on downside. Stochastic on overbought and will have correction. So, its lead to fall some extent. Trade: Short below - 936 Target 1 - 908 Target 2 - 890 target 3 - 870 Stop Loss - 980 Reward Points = 66 Risk Points = 44 "Happy Trading"
current price - 93 stopl-loss - 91.50 first target - 94.65 My 2nd target is based on daily cypher pattern which is around 98 so my full target is 98 rupees
It is been observed on hourly chart that the price action is forming a Cypher Pattern formation. Target: 379 Stoploss: 372
It is been observed on the daily chart that the price action completes a bullish Cypher Pattern by reching 78.6% retracement level of (X-C) indicating a bullish move ahead. Target: 158 Target: 160 Stoploss: 148
It is been observed on the daily chart that the price action forms a bullish harmonic pattern called cypher pattern where the Leg D is reaching 78.6% retracement levels. Now it shall retrace back to 38.2% of CD leg. The pattern shall be validated unless it breaks below the stoploss placed at previous support levels. Target: 78 Stoploss: 72.50
Bullish Cypher in BankNifty, pattern traders trade with proper stops
Hi Guys ! Yes, going against the trend is catching the falling knife, but if you have the skills, there won't be any fear. From the Nifty chart we can clearly see that there is cypher within Gartley. I expect the cypher to give Gapup open today. If the cypher fails & support is also broken, we do have another potential Gartley completion around 8620's. Those...
Bullish Cypher pattern is forming. Potential long entry @ 841 Potential Target @ SL @ 869
Potential Bullish Cypher Pattern is forming. Long Entry @ 16462 Target @ 17227 SL @ 15964
Bullish Cypher pattern is completed. RSI is also showing bullish divergence.
Nifty may open Gap up right away bcos of Bullish cypher, but as per the overview post (Lets ride the waves), there is hourly close below triangle pattern but is it gonna start the fall ?? or it's just teasing the lower trendlines of triangle ? Let's see... Anyway if you look at this cypher risk vs reward its pure awesomeness... Happy TradinG !