Simple ABCD pattern where you could sell at point D & stops could be placed at previous structure levels
A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern
A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern
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ABCD did not play out, watching for potential cypher pattern
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Now also have a potential butterfly pattern forming where point D would be in the area of the original ABCD pattern short zone. Watch for the 1.27/1.618 extension