lauralea

Bullish Cypher X5

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NASDAQ:QLYS   Qualys, Inc.
QLYS has been in bear territor for a long time
Not to long entry level at this second but was a few minutes ago I think
Short is naturally high

NV and OBV are also high

Curious to see who will win this one

Risky/earnings today amc

Not a recommendation

The Cypher was discovered by Darren Oglesbee and though it is technically an advanced pattern formation, it is often associated with and traded alongside harmonic patterns. It has specific Fibonacci measurements for each point within its structure. The B point retracement of the primary XA leg lies between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg and the D point should be a 0.786 retracement of XC. The first target would be the 382 retracement of CD and the second target the 618 retracement of CD.
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