HYMC Harmonics: Cypher & Butterfly to Shark
Here, we have a short and a long. Gotta love it! I measured this bullish-cypher pattern from four separate areas and they all met the criteria technically; however, the 3rd prz aligned perfectly with the retracement and extension of the pattern. The 3rd prz also aligned with several other extension ratios given as clues from a bullish-butterfly pattern within the cypher pattern and a potential bearish-shark pattern within the price structure. Therefore, price should continue down-trending until $1.00, where price will then become bullish and has the potential to satisfy a potential bearish-shark pattern that is hitching-a-ride on the back of the bullish-cypher pattern. I have marked out all of the most noticeable resistance levels, where one should consider taking profits, in the case that the shark pattern fails or becomes something else entirely. Good luck, trade safely, and remember that this pattern will remain valid all the way down to the final possible prz at $0.77!
Komentarz:
