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Expecting a move lower before we move up.
Possibly a double bottom or some sort of strong signal.
As long as we dont close below 1414 we could have a Cypher pattern setup forming...
1. Fib retrace X-A = 382 can't close above 618
2. Fib Extension X-A & back to X = 127 can't close below 1414
3. Fib retrace X-A = D (786)
Target
Fib extension C-D = 382
Stop
Below X
Expecting a move lower before we move up.
Possibly a double bottom or some sort of strong signal.
As long as we dont close below 1414 we could have a Cypher pattern setup forming...
1. Fib retrace X-A = 382 can't close above 618
2. Fib Extension X-A & back to X = 127 can't close below 1414
3. Fib retrace X-A = D (786)
Target
Fib extension C-D = 382
Stop
Below X
