Been in a down trend since the double top in April. I am showing a Bearish Cypher and I am predicting a drop to the B, but will let the profits ride to the A and possibly the C depending how things play out. I will update then...
For Educational purposes only. Please DYOR
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A violation of the X makes this idea invalid. Good thing I waited for confirmation would’ve been rekt by today’s candle otherwise...
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The original idea of a cypher extended into a Bearish Barracuda. I didn't make this trade but I did just want to point out the relevancy here. Waiting for the Barracuda was the correct move, unfortunately I was busy this week and missed the call untill now.