This is a Cypher not yet invalidated despite the oscillation and volatility.
We are trading below the resistance and a retracement is expectd, lower time frames advanced patterns completed at this level, there's short positions standing by...
At major time frame there's an eventual cypher being forged, targeting the 38% retracement from weekly chart, also synced with an obvious AB=CD pattern target and finally synced with previous structure low's from 24 July 2012.
Ratios: CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD
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