A potential bull cypher advanced formation is setting up. It is seen by wpr(14,-20,-80), cci(14,100,-100) and rsi(5,70,30)reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians.
If you have this pattern in your trade plan then...
buy in 1.6837-1.6751 zone. if the zone is crossed then the pattern didn't work. first target is 1.6912, second target is 1.6958. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
If you have this pattern in your trade plan then...
buy in 1.6837-1.6751 zone. if the zone is crossed then the pattern didn't work. first target is 1.6912, second target is 1.6958. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
