Looking ahead our Cypher Advanced Pattern seems to have extended slightly. It's new projected "C" point has confluence with the .618 Fibonacci retrace of the larger move and Box Theory© concurs.
Our rules of engagement mean we can't trade unless we see a break & close beyond structure, then a retrace that gives us a decent risk/reward. So until we (maybe) hit "C" and begin out decent toward the projected "D", this is purely analysis to keep us ahead of the game, not a trade idea.
As always, comments are welcome and encouraged.
Our rules of engagement mean we can't trade unless we see a break & close beyond structure, then a retrace that gives us a decent risk/reward. So until we (maybe) hit "C" and begin out decent toward the projected "D", this is purely analysis to keep us ahead of the game, not a trade idea.
As always, comments are welcome and encouraged.
