Hi guys we got a long opportunity here with a potential pattern formation as per bias of trend following to the upside.
There are two ways how to enter right here. A pending buy limit on the completion and stops below the pattern's X point or coudl wait for further price action/confirmation to long once price is inside our Cypher's PRZ.
Target 1: 1.4956
Target 2: 1.5059
Extended Target on the previous high that could be a potential double top, or extending to create a new higher high.
Note: Price Break and close below will now destory the formation of new HH and HL as market is trending up hence stopping us out for the TCT bias.
There are two ways how to enter right here. A pending buy limit on the completion and stops below the pattern's X point or coudl wait for further price action/confirmation to long once price is inside our Cypher's PRZ.
Target 1: 1.4956
Target 2: 1.5059
Extended Target on the previous high that could be a potential double top, or extending to create a new higher high.
Note: Price Break and close below will now destory the formation of new HH and HL as market is trending up hence stopping us out for the TCT bias.