If the price reaches to the 78.6 Fibo X-C retraction then we have the Bearish Cypher Pattern complete.
First target - 38.2 Fibo retraction of C-D in confluence with a previous structure zone.
Second target - 61.8 Fibo retraction of C-D in confluence with 50% retraction of first leg impulse by the last bull trend.
First target - 38.2 Fibo retraction of C-D in confluence with a previous structure zone.
Second target - 61.8 Fibo retraction of C-D in confluence with 50% retraction of first leg impulse by the last bull trend.