A bigger picture - waiting for the downward movement to complete

4 במרץ 2015

The Cypher pattern has already completed but there is still more room for the bears in the following months. Check the potential reversal zones, and you will see the one I picked is the one which respects the history. The 0.96 would be the safest point in this scenario, the absolute minimum where we should expect big players to seek for entry opportunities. The last support level and the 0.382 retracement converge at 1.2, which the market will be targeted at.