Usd/Jpy Possible Bearish cypher on the daily.
RARE Wild xabcd pattern Cypher appeared on usd/jpy daily chart. (rare because its perfect ret & ext)
x-a = b between .382- .618 retracement
a-b = c between 1.272 - 1.414 extension
x-c = D @ .786
Thank you for your time.
this correlates with possible weakening dxy.
x-a = b between .382- .618 retracement
a-b = c between 1.272 - 1.414 extension
x-c = D @ .786
Thank you for your time.
this correlates with possible weakening dxy.
:D
im not too experienced with gaps, but i read somewhere that this type of gap along with its retracement back to the gap is a sign of the bears coming in?
if thats the case it could support the cypher that appeared.