Interesting confluence at previous structure support
Point C was just shy of 1.272 ext of the XA leg
(Could've been a nice Cypher pattern if it did)
There is an ABCD that completed at the current level of point C
but point D is very interesting as this is 786% level of XA and there is also previous structure support.
The Risk to reward looks quite good indicated by the red & green boxes
(Could've been a nice Cypher pattern if it did)
There is an ABCD that completed at the current level of point C
but point D is very interesting as this is 786% level of XA and there is also previous structure support.
The Risk to reward looks quite good indicated by the red & green boxes